Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Deerwood area can be challenging. Home prices in Deerwood are now at a median cost of $390,015, higher than the Minnesota average of $345,793.
The average cost of rent is $1,156/mo in Deerwood, primarily driven by the current value of real estate in the Deerwood area. In Deerwood, 10.95% of households rent, and 47.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Deerwood is $6,766 per month. Households that rent pay about 17.08% of their income on rent here. Deerwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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