
Home Price Key
These days, finding an affordable place to live in the Fergus Falls area can be challenging. Home prices in Fergus Falls are now at a median cost of $173,378, lower than the Minnesota average of $269,934.
The average cost of rent is $767/mo in Fergus Falls, primarily driven by the current value of real estate in the Fergus Falls area. While nearly 39.66% of residents own their homes outright in Fergus Falls, 20.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fergus Falls is $5,032 per month. Households that rent pay about 15.25% of their income on rent here. Fergus Falls's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Elizabeth, MN: higher priced homes
- Underwood, MN: higher priced homes
- Dalton, MN: higher priced homes
- Foxhome, MN: equally priced homes
- Phelps, MN: higher priced homes
- Erhard, MN: higher priced homes
- Wendell, MN: higher priced homes
- Everdell, MN: equally priced homes
- Battle Lake, MN: higher priced homes
- Ashby, MN: higher priced homes
Cities with Similar Populations
- Larchmont, NY: higher priced homes
- Morton, IL: higher priced homes
- Lewistown, PA: less expensive homes
- Lewisburg, TN: less expensive homes
- Lewisburg, PA: higher priced homes
- Lemay, MO: less expensive homes
- Lehighton, PA: less expensive homes
- Lawrenceburg, IN: equally priced homes
- Laurens, SC: less expensive homes
- Pembroke, MA: higher priced homes
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