Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hancock area can be challenging. Home prices in Hancock are now at a median cost of $142,990, lower than the Minnesota average of $269,934.
The average cost of rent is $725/mo in Hancock, primarily driven by the current value of real estate in the Hancock area. While nearly 52.48% of residents own their homes outright in Hancock, 17.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hancock is $6,271 per month. Households that rent pay about 11.56% of their income on rent here. Hancock's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Morris, MN: higher priced homes
- Cyrus, MN: higher priced homes
- Clontarf, MN: equally priced homes
- Alberta, MN: less expensive homes
- Starbuck, MN: higher priced homes
- Danvers, MN: higher priced homes
- Benson, MN: less expensive homes
- Donnelly, MN: equally priced homes
- Swift Falls, MN: higher priced homes
- Chokio, MN: less expensive homes
Cities with Similar Populations
- New Madison, OH: less expensive homes
- Pondville, AL: less expensive homes
- Pomona, KS: equally priced homes
- Pine Prairie, LA: equally priced homes
- Pattersonville, NY: higher priced homes
- Park River, ND: less expensive homes
- Palmyra, ME: less expensive homes
- Oakwood, VA: less expensive homes
- North Monmouth, ME: higher priced homes
- Newport, NY: less expensive homes
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