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These days, finding an affordable place to live in the Ham Lake area can be challenging. Home prices in Ham Lake are now at a median cost of $441,495, higher than the Minnesota average of $345,793.
The average cost of rent is $1,515/mo in Ham Lake, primarily driven by the current value of real estate in the Ham Lake area. In Ham Lake, 6.35% of households rent, and 33.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ham Lake is $11,403 per month. Households that rent pay about 13.29% of their income on rent here. Ham Lake’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Blaine, MN: less expensive homes
- Andover, MN: equally priced homes
- Columbus, MN: equally priced homes
- East Bethel, MN: less expensive homes
- Coon Rapids, MN: less expensive homes
- Circle Pines, MN: less expensive homes
- Lexington, MN: less expensive homes
- Lino Lakes, MN: equally priced homes
- Oak Grove, MN: equally priced homes
- Anoka, MN: less expensive homes
Cities with Similar Populations
- Marion, AR: less expensive homes
- Northampton, MA: higher priced homes
- North Reading, MA: higher priced homes
- North Easton, MA: higher priced homes
- North Dartmouth, MA: higher priced homes
- North Chicago, IL: less expensive homes
- North Arlington, NJ: higher priced homes
- Norridge, IL: less expensive homes
- Newtown, CT: higher priced homes
- Newport, KY: less expensive homes
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