The Most Affordable Neighborhoods in Deer River, MN by Home Value

These days, finding an affordable place to live in the Deer River area can be challenging. Home prices in Deer River are now at a median cost of $204,183, lower than the Minnesota average of $345,793.

The average cost of rent is $864/mo in Deer River, primarily driven by the current value of real estate in the Deer River area. In Deer River, 13.31% of households rent, and 51.15% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Deer River is $5,366 per month. Households that rent pay about 16.10% of their income on rent here. Deer River’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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