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These days, finding an affordable place to live in the Gibbon area can be challenging. Home prices in Gibbon are now at a median cost of $157,990, lower than the Minnesota average of $345,793.
The average cost of rent is $859/mo in Gibbon, primarily driven by the current value of real estate in the Gibbon area. In Gibbon, 17.26% of households rent, and 49.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gibbon is $5,380 per month. Households that rent pay about 15.97% of their income on rent here. Gibbon’s most expensive areas are in the northwestern 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
- Winthrop, MN: higher priced homes
- Fairfax, MN: equally priced homes
- St. George, MN: higher priced homes
- Lafayette, MN: higher priced homes
- Stewart, MN: higher priced homes
- Buffalo Lake, MN: higher priced homes
- Essig, MN: higher priced homes
- Klossner, MN: higher priced homes
- Gaylord, MN: higher priced homes
- New Ulm, MN: higher priced homes
Cities with Similar Populations
- Dove Creek, CO: higher priced homes
- Cobbs Creek, VA: higher priced homes
- Doyle, TN: higher priced homes
- Woodville, ID: higher priced homes
- Bremen, KY: less expensive homes
- Brailey, OH: higher priced homes
- Bois D Arc, MO: higher priced homes
- Woodmont, CT: higher priced homes
- The Galena Territory, IL: higher priced homes
- Ashland, IL: less expensive homes
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