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Affordable
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These days, finding an affordable place to live in the Graceton area can be challenging. Home prices in Graceton are now at a median cost of $198,243, lower than the Minnesota average of $345,793.
The average cost of rent is $1,103/mo in Graceton, primarily driven by the current value of real estate in the Graceton area. In Graceton, 4.53% of households rent, and 51.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Graceton is $8,029 per month. Households that rent pay about 13.73% of their income on rent here. Graceton’s most expensive areas are in the northeastern 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
- Pitt, MN: higher priced homes
- Williams, MN: higher priced homes
- Hackett, MN: higher priced homes
- Baudette, MN: higher priced homes
- Roosevelt, MN: less expensive homes
- Carp, MN: equally priced homes
- Clementson, MN: equally priced homes
- Warroad, MN: equally priced homes
- Border, MN: less expensive homes
- Salol, MN: equally priced homes
Cities with Similar Populations
- Freemansburg, WV: less expensive homes
- Sunkist, OK: less expensive homes
- Summerfield, KS: less expensive homes
- Sula, MT: higher priced homes
- Sugarfork, NC: higher priced homes
- Stubblefield, IL: equally priced homes
- St. Mary, NE: less expensive homes
- St. Marks, IN: equally priced homes
- St. Anthony, IA: less expensive homes
- Sunny South, AL: less expensive homes
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