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These days, finding an affordable place to live in the Floodwood area can be challenging. Home prices in Floodwood are now at a median cost of $172,470, lower than the Minnesota average of $345,793.
The average cost of rent is $757/mo in Floodwood, primarily driven by the current value of real estate in the Floodwood area. In Floodwood, 16.74% of households rent, and 50.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Floodwood is $5,154 per month. Households that rent pay about 14.69% of their income on rent here. Floodwood’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
- Wawina, MN: higher priced homes
- Meadowlands, MN: higher priced homes
- Brookston, MN: higher priced homes
- Prosit, MN: higher priced homes
- Alborn, MN: higher priced homes
- Culver, MN: higher priced homes
- Wright, MN: higher priced homes
- Toivola, MN: higher priced homes
- Swan River, MN: higher priced homes
- Burnett, MN: higher priced homes
Cities with Similar Populations
- Wolfeboro Falls, NH: higher priced homes
- Flatgap, KY: less expensive homes
- Earth, TX: less expensive homes
- Dover Beaches North, NJ: higher priced homes
- St. Regis, MT: higher priced homes
- Chula, VA: higher priced homes
- Tiplersville, MS: less expensive homes
- Twelve Corners, WI: higher priced homes
- Bland, VA: less expensive homes
- Wanda, IL: higher priced homes
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