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These days, finding an affordable place to live in the Cottonwood area can be challenging. Home prices in Cottonwood are now at a median cost of $195,455, lower than the Minnesota average of $345,793.
The average cost of rent is $689/mo in Cottonwood, primarily driven by the current value of real estate in the Cottonwood area. In Cottonwood, 17.70% of households rent, and 52.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cottonwood is $8,406 per month. Households that rent pay about 8.20% of their income on rent here. Cottonwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hanley Falls, MN: equally priced homes
- Wood Lake, MN: less expensive homes
- Hazel Run, MN: equally priced homes
- Ghent, MN: higher priced homes
- Marshall, MN: higher priced homes
- Echo, MN: less expensive homes
- Clarkfield, MN: less expensive homes
- Vesta, MN: less expensive homes
- Milroy, MN: equally priced homes
- Minneota, MN: less expensive homes
Cities with Similar Populations
- Seven Mile, OH: higher priced homes
- Coulterville, IL: less expensive homes
- Damon, TX: higher priced homes
- Dunnsville, VA: higher priced homes
- Ellicott, CO: higher priced homes
- Flinn Springs, CA: higher priced homes
- Villisca, IA: less expensive homes
- Franklin, VT: higher priced homes
- Tekonsha, MI: less expensive homes
- Whitewater, CO: higher priced homes
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