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Affordable
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These days, finding an affordable place to live in the Grand Marais area can be challenging. Home prices in Grand Marais are now at a median cost of $337,793, lower than the Minnesota average of $345,793.
The average cost of rent is $1,126/mo in Grand Marais, primarily driven by the current value of real estate in the Grand Marais area. In Grand Marais, 28.38% of households rent, and 47.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grand Marais is $5,893 per month. Households that rent pay about 19.11% of their income on rent here. Grand Marais’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Maple Hill, MN: equally priced homes
- Lutsen, MN: higher priced homes
- Hovland, MN: less expensive homes
- Tofte, MN: equally priced homes
- Red Rock, MN: less expensive homes
- Grand Portage, MN: less expensive homes
- Taconite Harbor, MN: equally priced homes
- Schroeder, MN: equally priced homes
- Pigeon River, MN: less expensive homes
- Little Marais, MN: less expensive homes
Cities with Similar Populations
- Au Gres, MI: less expensive homes
- Boutte, LA: less expensive homes
- Chesapeake City, MD: higher priced homes
- Fort Fairfield, ME: less expensive homes
- Santa Claus, IN: less expensive homes
- Holmes Beach, FL: higher priced homes
- Jenkinsburg, GA: less expensive homes
- Magnolia, NC: less expensive homes
- Mannington, WV: less expensive homes
- Monon, IN: less expensive homes
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