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Affordable
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These days, finding an affordable place to live in the Hamburg area can be challenging. Home prices in Hamburg are now at a median cost of $339,710, lower than the Minnesota average of $345,793.
The average cost of rent is $1,064/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. In Hamburg, 14.98% of households rent, and 35.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $7,577 per month. Households that rent pay about 14.04% of their income on rent here. Hamburg’s most expensive areas are in the southern 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
- Norwood Young America, MN: less expensive homes
- Green Isle, MN: higher priced homes
- Plato, MN: equally priced homes
- Young America, MN: higher priced homes
- Norwood, MN: higher priced homes
- Gotha, MN: higher priced homes
- Cologne, MN: higher priced homes
- Blakeley, MN: higher priced homes
- Glencoe, MN: less expensive homes
- Arlington, MN: less expensive homes
Cities with Similar Populations
- Saddle Rock, NY: higher priced homes
- Langley, KY: less expensive homes
- Leawood, MO: higher priced homes
- Lenah, VA: higher priced homes
- Leo, SC: less expensive homes
- Letts, IA: less expensive homes
- Loraine, TX: less expensive homes
- Alma Center, WI: less expensive homes
- Malden, IN: equally priced homes
- Mammoth Cave, KY: less expensive homes
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