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These days, finding an affordable place to live in the Delano area can be challenging. Home prices in Delano are now at a median cost of $410,369, higher than the Minnesota average of $345,793.
The average cost of rent is $1,123/mo in Delano, primarily driven by the current value of real estate in the Delano area. In Delano, 18.56% of households rent, and 30.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Delano is $9,585 per month. Households that rent pay about 11.71% of their income on rent here. Delano’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rockford, MN: less expensive homes
- Independence, MN: higher priced homes
- Greenfield, MN: higher priced homes
- Watertown, MN: less expensive homes
- Montrose, MN: less expensive homes
- Maple Plain, MN: equally priced homes
- Loretto, MN: higher priced homes
- Minnetrista, MN: higher priced homes
- Waverly, MN: less expensive homes
- St. Bonifacius, MN: equally priced homes
Cities with Similar Populations
- Marshville, NC: less expensive homes
- Veneta, OR: equally priced homes
- Mango, FL: less expensive homes
- Vandergrift, PA: less expensive homes
- Mansfield Center, MA: higher priced homes
- Vandalia, IL: less expensive homes
- Marietta, PA: less expensive homes
- Van Alstyne, TX: equally priced homes
- Marlboro Village, MD: equally priced homes
- Marlton, MD: equally priced homes
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