The Most Affordable Neighborhoods in Fort Ripley, MN by Home Value

 

Fort Ripley, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Fort Ripley area can be challenging. Home prices in Fort Ripley are now at a median cost of $303,561, lower than the Minnesota average of $345,793.

The average cost of rent is $951/mo in Fort Ripley, primarily driven by the current value of real estate in the Fort Ripley area. In Fort Ripley, 3.97% of households rent, and 45.92% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Fort Ripley is $6,855 per month. Households that rent pay about 13.88% of their income on rent here. Fort Ripley’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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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