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Affordable
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These days, finding an affordable place to live in the Genoa area can be challenging. Home prices in Genoa are now at a median cost of $235,239, lower than the Minnesota average of $345,793.
The average cost of rent is $1,111/mo in Genoa, primarily driven by the current value of real estate in the Genoa area. In Genoa, 4.03% of households rent, and 51.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Genoa is $6,527 per month. Households that rent pay about 17.02% of their income on rent here. Genoa’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eveleth, MN: less expensive homes
- Leonidas, MN: less expensive homes
- Iron Junction, MN: equally priced homes
- Gilbert, MN: less expensive homes
- Virginia, MN: less expensive homes
- McKinley, MN: less expensive homes
- Mountain Iron, MN: less expensive homes
- Iron, MN: less expensive homes
- Parkville, MN: less expensive homes
- Zim, MN: less expensive homes
Cities with Similar Populations
- Lisbon, MO: less expensive homes
- Le Moyen, LA: less expensive homes
- Le Roy, IA: less expensive homes
- Leann, MO: equally priced homes
- Lebanon, AR: less expensive homes
- Leeds Junction, ME: higher priced homes
- Lejunior, KY: less expensive homes
- Leland, WI: higher priced homes
- Lenox Center, OH: less expensive homes
- Leon, OH: less expensive homes
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