The Most Affordable Neighborhoods in Ham Lake, MN by Home Value

 

Ham Lake, MN Map of Most Affordable Neighborhoods
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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 $332,652, higher than the Minnesota average of $269,934.

The average cost of rent is $1,351/mo in Ham Lake, primarily driven by the current value of real estate in the Ham Lake area. While nearly 32.24% of residents own their homes outright in Ham Lake, 7.40% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ham Lake is $9,610 per month. Households that rent pay about 14.06% of their income on rent here. Ham Lake's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.


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