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These days, finding an affordable place to live in the Grand Falls area can be challenging. Home prices in Grand Falls are now at a median cost of $152,999, lower than the Minnesota average of $345,793.
The average cost of rent is $632/mo in Grand Falls, primarily driven by the current value of real estate in the Grand Falls area. In Grand Falls, 10.68% of households rent, and 59.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grand Falls is $5,302 per month. Households that rent pay about 11.93% of their income on rent here. Grand Falls’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
- Big Falls, MN: equally priced homes
- Littlefork, MN: higher priced homes
- Effie, MN: higher priced homes
- Loman, MN: equally priced homes
- Pelland, MN: equally priced homes
- Gemmell, MN: equally priced homes
- Wildwood, MN: higher priced homes
- Ericsburg, MN: higher priced homes
- Nett Lake, MN: higher priced homes
- Mizpah, MN: equally priced homes
Cities with Similar Populations
- Rosebud, NM: less expensive homes
- Adrian, WA: higher priced homes
- Merrickville, NY: higher priced homes
- Monterey, AR: less expensive homes
- Moores Crossroads, AL: equally priced homes
- Morgan, MT: higher priced homes
- Morris Corner, ME: less expensive homes
- Morrison Crossroads, AL: higher priced homes
- Mount Aerial, KY: higher priced homes
- Mount Carmel Junction, UT: higher priced homes
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