
Home Price Key
These days, finding an affordable place to live in the Cromwell area can be challenging. Home prices in Cromwell are now at a median cost of $186,242, lower than the Minnesota average of $269,934.
The average cost of rent is $848/mo in Cromwell, primarily driven by the current value of real estate in the Cromwell area. While nearly 42.78% of residents own their homes outright in Cromwell, 15.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cromwell is $5,773 per month. Households that rent pay about 14.69% of their income on rent here. Cromwell's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Wright, MN: equally priced homes
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- Moose Lake, MN: less expensive homes
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- Sheshebee, MN: equally priced homes
Cities with Similar Populations
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- Ridgeland, WI: less expensive homes
- Hazelwood, IN: equally priced homes
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