Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fossum area can be challenging. Home prices in Fossum are now at a median cost of $96,000, lower than the Minnesota average of $269,934.
The average cost of rent is $908/mo in Fossum, primarily driven by the current value of real estate in the Fossum area. While nearly 54.41% of residents own their homes outright in Fossum, 21.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fossum is $5,365 per month. Households that rent pay about 16.93% of their income on rent here. Fossum's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Twin Valley, MN: higher priced homes
- Heiberg, MN: equally priced homes
- Syre, MN: higher priced homes
- Flom, MN: higher priced homes
- Ulen, MN: higher priced homes
- Gary, MN: higher priced homes
- Borup, MN: higher priced homes
- Mahnomen, MN: equally priced homes
- Ada, MN: higher priced homes
- Hitterdal, MN: higher priced homes
Cities with Similar Populations
- Annada, MO: higher priced homes
- Searles, AL: equally priced homes
- Arock, OR: higher priced homes
- Schooleys Mountain, NJ: higher priced homes
- Scant City, AL: higher priced homes
- Amlin, OH: higher priced homes
- Sharon, IN: higher priced homes
- Zent, AR: less expensive homes
- Pine, PA: higher priced homes
- Pomp, KY: equally priced homes
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