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These days, finding an affordable place to live in the Hanley Falls area can be challenging. Home prices in Hanley Falls are now at a median cost of $195,816, lower than the Minnesota average of $345,793.
The average cost of rent is $649/mo in Hanley Falls, primarily driven by the current value of real estate in the Hanley Falls area. In Hanley Falls, 22.94% of households rent, and 55.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hanley Falls is $7,675 per month. Households that rent pay about 8.45% of their income on rent here. Hanley Falls’s most expensive areas are in the central 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
- Wood Lake, MN: less expensive homes
- Hazel Run, MN: equally priced homes
- Cottonwood, MN: equally priced homes
- Granite Falls, MN: less expensive homes
- Clarkfield, MN: less expensive homes
- Echo, MN: less expensive homes
- Sacred Heart, MN: less expensive homes
- Wegdahl, MN: equally priced homes
- Vesta, MN: less expensive homes
- Maynard, MN: equally priced homes
Cities with Similar Populations
- Memphis, NE: higher priced homes
- Red Creek, WV: less expensive homes
- Red Banks, WI: higher priced homes
- Raybon, GA: less expensive homes
- Rangerville, TX: less expensive homes
- Randolph, VA: less expensive homes
- Randolph, NH: higher priced homes
- Radium Springs, GA: less expensive homes
- Mineral, IL: equally priced homes
- Millville, IN: less expensive homes
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