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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 $231,558, lower than the Minnesota average of $345,793.
The average cost of rent is $1,120/mo in Grove Lake, primarily driven by the current value of real estate in the Grove Lake area. In Grove Lake, 9.84% of households rent, and 49.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grove Lake is $6,310 per month. Households that rent pay about 17.75% of their income on rent here. Grove Lake’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sedan, MN: higher priced homes
- Westport, MN: equally priced homes
- Brooten, MN: less expensive homes
- Villard, MN: equally priced homes
- Elrosa, MN: equally 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: equally priced homes
Cities with Similar Populations
- Broughton, IL: higher priced homes
- Bannockburn, GA: less expensive homes
- Bartlett, IA: higher priced homes
- Bates, ID: higher priced homes
- Bayard, WV: less expensive homes
- Beard, IN: less expensive homes
- Belle Mina, AL: equally priced homes
- Beverly, IL: less expensive homes
- Bible Grove, MO: less expensive homes
- Big Springs, SD: higher priced homes
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