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These days, finding an affordable place to live in the Heinola area can be challenging. Home prices in Heinola are now at a median cost of $310,431, lower than the Minnesota average of $345,793.
The average cost of rent is $807/mo in Heinola, primarily driven by the current value of real estate in the Heinola area. In Heinola, 10.62% of households rent, and 46.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Heinola is $6,590 per month. Households that rent pay about 12.24% of their income on rent here. Heinola’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ottertail, MN: higher priced homes
- Deer Creek, MN: less expensive homes
- New York Mills, MN: less expensive homes
- Henning, MN: less expensive homes
- Bluffton, MN: less expensive homes
- Vining, MN: equally priced homes
- Perham, MN: less expensive homes
- Richville, MN: equally priced homes
- Wadena, MN: less expensive homes
- Clitherall, MN: equally priced homes
Cities with Similar Populations
- Sampson, WI: equally priced homes
- Jewett, IL: less expensive homes
- Kickapoo, IL: higher priced homes
- Lake Tanglewood, TX: higher priced homes
- Lorane, IN: less expensive homes
- Loretto, MI: less expensive homes
- Ludlow, MS: less expensive homes
- Macedonia, TN: less expensive homes
- Mackay, ID: higher priced homes
- Rush, PA: less expensive homes
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