Home Price Key
Affordable
Average
Expensive
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 $241,390, lower than the Minnesota average of $269,934.
The average cost of rent is $776/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. While nearly 41.19% of residents own their homes outright in Hamburg, 12.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $6,770 per month. Households that rent pay about 11.47% of their income on rent here. Hamburg's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Norwood Young America, MN: equally priced homes
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- 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: higher priced homes
- Mammoth Cave, KY: less expensive homes
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