The Most Affordable Neighborhoods in Effie, MN by Home Value

These days, finding an affordable place to live in the Effie area can be challenging. Home prices in Effie are now at a median cost of $188,271, lower than the Minnesota average of $345,793.

The average cost of rent is $984/mo in Effie, primarily driven by the current value of real estate in the Effie area. In Effie, 25.64% of households rent, and 58.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Effie is $4,074 per month. Households that rent pay about 24.14% of their income on rent here. Effie’s most expensive areas are in the southeastern 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.

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