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Affordable
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These days, finding an affordable place to live in the Echo area can be challenging. Home prices in Echo are now at a median cost of $164,324, lower than the Minnesota average of $345,793.
The average cost of rent is $625/mo in Echo, primarily driven by the current value of real estate in the Echo area. In Echo, 8.42% of households rent, and 62.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Echo is $7,685 per month. Households that rent pay about 8.13% of their income on rent here. Echo’s most expensive areas are in the eastern 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
- Belview, MN: higher priced homes
- Wood Lake, MN: equally priced homes
- Vesta, MN: equally priced homes
- Delhi, MN: higher priced homes
- Hanley Falls, MN: higher priced homes
- Sacred Heart, MN: equally priced homes
- Seaforth, MN: higher priced homes
- Cottonwood, MN: higher priced homes
- Granite Falls, MN: equally priced homes
- Renville, MN: less expensive homes
Cities with Similar Populations
- North Royalton, VT: higher priced homes
- Pine Mills, TX: higher priced homes
- Pemberton, MN: higher priced homes
- Pecaniere, LA: higher priced homes
- Peaks Mill, KY: higher priced homes
- Palmer, IL: less expensive homes
- Owaneco, IL: less expensive homes
- Ottawa, MN: higher priced homes
- Orum, SC: less expensive homes
- Orton Hill, TX: higher priced homes
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