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These days, finding an affordable place to live in the Deephaven area can be challenging. Home prices in Deephaven are now at a median cost of $998,425, higher than the Minnesota average of $345,793.
The average cost of rent is $1,498/mo in Deephaven, primarily driven by the current value of real estate in the Deephaven area. In Deephaven, 11.04% of households rent, and 35.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Deephaven is $16,043 per month. Households that rent pay about 9.34% of their income on rent here. Deephaven’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Woodland, MN: higher priced homes
- Greenwood, MN: higher priced homes
- Minnetonka, MN: less expensive homes
- Wayzata, MN: higher priced homes
- Minnetonka Beach, MN: higher priced homes
- Tonka Bay, MN: less expensive homes
- Excelsior, MN: less expensive homes
- Shorewood, MN: less expensive homes
- Long Lake, MN: less expensive homes
- Orono, MN: equally priced homes
Cities with Similar Populations
- Avalon, CA: less expensive homes
- Locust Valley, NY: less expensive homes
- Marshalls Creek, PA: less expensive homes
- Brodhead, KY: less expensive homes
- Brownsville, KY: less expensive homes
- Le Center, MN: less expensive homes
- Hartly, DE: less expensive homes
- Galena, MO: less expensive homes
- Lawrence, MI: less expensive homes
- Baltic, OH: less expensive homes
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