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Affordable
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These days, finding an affordable place to live in the Ghent area can be challenging. Home prices in Ghent are now at a median cost of $216,283, lower than the Minnesota average of $345,793.
The average cost of rent is $887/mo in Ghent, primarily driven by the current value of real estate in the Ghent area. In Ghent, 11.77% of households rent, and 44.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ghent is $8,200 per month. Households that rent pay about 10.81% of their income on rent here. Ghent’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Minneota, MN: less expensive homes
- Marshall, MN: equally priced homes
- Lynd, MN: higher priced homes
- Taunton, MN: less expensive homes
- Cottonwood, MN: less expensive homes
- Russell, MN: less expensive homes
- Amiret, MN: equally priced homes
- Porter, MN: equally priced homes
- St. Leo, MN: equally priced homes
- Hazel Run, MN: less expensive homes
Cities with Similar Populations
- Airport Drive, MO: higher priced homes
- Advance, IN: higher priced homes
- Forest Knolls, CA: higher priced homes
- Silvertop, TN: equally priced homes
- Simpson, LA: less expensive homes
- Snelling, SC: less expensive homes
- Dundas, VA: less expensive homes
- Drummond, WI: higher priced homes
- Talowah, MS: less expensive homes
- Terreton, ID: equally priced homes
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