Expensive
Affordable
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These days, finding an affordable place to live in the Excelsior area can be challenging. Home prices in Excelsior are now at a median cost of $780,553, higher than the Minnesota average of $345,793.
The average cost of rent is $1,601/mo in Excelsior, primarily driven by the current value of real estate in the Excelsior area. In Excelsior, 21.42% of households rent, and 27.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Excelsior is $12,861 per month. Households that rent pay about 12.45% of their income on rent here. Excelsior’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shorewood, MN: less expensive homes
- Tonka Bay, MN: higher priced homes
- Greenwood, MN: higher priced homes
- Minnetonka Beach, MN: higher priced homes
- Chanhassen, MN: less expensive homes
- Deephaven, MN: higher priced homes
- Spring Park, MN: less expensive homes
- Mound, MN: less expensive homes
- Woodland, MN: higher priced homes
- Orono, MN: higher priced homes
Cities with Similar Populations
- Capitola, CA: higher priced homes
- Scotchtown, NY: less expensive homes
- Cadiz, KY: less expensive homes
- Camden, TN: less expensive homes
- Camp Pendleton, CA: higher priced homes
- Camp Pendleton North, CA: equally priced homes
- Canton, TX: less expensive homes
- Fort Salonga, NY: equally priced homes
- Cape St. Claire, MD: less expensive homes
- Burlington, CT: less expensive homes
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