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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 $173,896, lower than the Minnesota average of $345,793.
The average cost of rent is $901/mo in Hancock, primarily driven by the current value of real estate in the Hancock area. In Hancock, 19.22% of households rent, and 54.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hancock is $7,302 per month. Households that rent pay about 12.33% of their income on rent here. Hancock’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morris, MN: higher priced homes
- Cyrus, MN: higher priced homes
- Clontarf, MN: higher priced homes
- Alberta, MN: less expensive homes
- Starbuck, MN: higher priced homes
- Danvers, MN: higher priced homes
- Benson, MN: equally priced homes
- Donnelly, MN: higher 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: equally priced homes
- Pomona, KS: higher priced homes
- Pine Prairie, LA: less expensive homes
- Pattersonville, NY: higher priced homes
- Park River, ND: less expensive homes
- Palmyra, ME: equally priced homes
- Oakwood, VA: less expensive homes
- North Monmouth, ME: higher priced homes
- Newport, NY: equally priced homes
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