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These days, finding an affordable place to live in the Crane Lake area can be challenging. Home prices in Crane Lake are now at a median cost of $396,401, higher than the Minnesota average of $345,793.
The average cost of rent is $768/mo in Crane Lake, primarily driven by the current value of real estate in the Crane Lake area. In Crane Lake, 11.84% of households rent, and 64.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Crane Lake is $6,234 per month. Households that rent pay about 12.31% of their income on rent here. Crane Lake’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Buyck, MN: equally priced homes
- Cusson, MN: less expensive homes
- Orr, MN: less expensive homes
- Glendale, MN: less expensive homes
- Gheen, MN: less expensive homes
- Nett Lake, MN: less expensive homes
- Cook, MN: less expensive homes
- Greaney, MN: less expensive homes
- Silverdale, MN: less expensive homes
- Tower, MN: less expensive homes
Cities with Similar Populations
- Liske, MI: less expensive homes
- Whitman, ND: less expensive homes
- Bush, KY: less expensive homes
- Westport, IL: less expensive homes
- Carl, IA: less expensive homes
- Carlowville, AL: less expensive homes
- Ruleton, KS: less expensive homes
- Prosper, OR: higher priced homes
- Rye Patch, NV: less expensive homes
- Wiconisco, PA: less expensive homes
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