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Affordable
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These days, finding an affordable place to live in the Elrosa area can be challenging. Home prices in Elrosa are now at a median cost of $244,324, lower than the Minnesota average of $345,793.
The average cost of rent is $1,008/mo in Elrosa, primarily driven by the current value of real estate in the Elrosa area. In Elrosa, 9.98% of households rent, and 50.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elrosa is $6,610 per month. Households that rent pay about 15.25% of their income on rent here. Elrosa’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Greenwald, MN: equally priced homes
- Spring Hill, MN: equally priced homes
- Meire Grove, MN: equally priced homes
- Belgrade, MN: equally priced homes
- Brooten, MN: less expensive homes
- Melrose, MN: less expensive homes
- New Munich, MN: equally priced homes
- Grove Lake, MN: equally priced homes
- Georgeville, MN: higher priced homes
- Sauk Centre, MN: equally priced homes
Cities with Similar Populations
- Pella, WI: less expensive homes
- Note, GA: less expensive homes
- Oak Hill, KY: less expensive homes
- Oakland Mills, IA: equally priced homes
- Ober, IN: less expensive homes
- Ohio Furnace, OH: less expensive homes
- Paoli, WI: higher priced homes
- Parkman, WY: higher priced homes
- Parkwood, CA: higher priced homes
- Paton, IA: less expensive homes
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