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Affordable
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These days, finding an affordable place to live in the Cove area can be challenging. Home prices in Cove are now at a median cost of $282,172, lower than the Minnesota average of $345,793.
The average cost of rent is $911/mo in Cove, primarily driven by the current value of real estate in the Cove area. In Cove, 22.86% of households rent, and 47.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cove is $5,129 per month. Households that rent pay about 17.76% of their income on rent here. Cove’s most expensive areas are in the northeastern 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
- Onamia, MN: less expensive homes
- Wahkon, MN: equally priced homes
- Vineland, MN: equally priced homes
- Isle, MN: less expensive homes
- Hillman, MN: equally priced homes
- Garrison, MN: less expensive homes
- Warman, MN: less expensive homes
- Pine Center, MN: equally priced homes
- Malmo, MN: equally priced homes
- Harding, MN: higher priced homes
Cities with Similar Populations
- Lindsay, LA: higher priced homes
- Reedyville, WV: less expensive homes
- Raytown, MS: less expensive homes
- Marie, WV: less expensive homes
- Maples, MO: less expensive homes
- Lynn, WI: less expensive homes
- Lounsberry, NY: less expensive homes
- Lost Creek, PA: less expensive homes
- Longtown, MS: less expensive homes
- Lodiburg, KY: less expensive homes
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