Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Grove Lake area can be challenging. Home prices in Grove Lake are now at a median cost of $187,107, lower than the Minnesota average of $269,934.
The average cost of rent is $629/mo in Grove Lake, primarily driven by the current value of real estate in the Grove Lake area. While nearly 48.76% of residents own their homes outright in Grove Lake, 13.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Grove Lake is $5,211 per month. Households that rent pay about 12.08% of their income on rent here. Grove Lake's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Sedan, MN: higher priced homes
- Westport, MN: equally priced homes
- Brooten, MN: equally priced homes
- Villard, MN: equally priced homes
- Elrosa, MN: higher priced homes
- Glenwood, MN: higher priced homes
- Terrace, MN: higher priced homes
- Sauk Centre, MN: equally priced homes
- Long Beach, MN: higher priced homes
- Belgrade, MN: less expensive homes
Cities with Similar Populations
- Broughton, IL: less expensive homes
- Bannockburn, GA: less expensive homes
- Bartlett, IA: higher priced homes
- Bates, ID: higher priced homes
- Bayard, WV: less expensive homes
- Beard, IN: equally priced homes
- Belle Mina, AL: equally priced homes
- Beverly, IL: less expensive homes
- Bible Grove, MO: less expensive homes
- Big Springs, SD: equally priced homes
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