Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Heron Lake area can be challenging. Home prices in Heron Lake are now at a median cost of $104,554, lower than the Minnesota average of $269,934.
The average cost of rent is $577/mo in Heron Lake, primarily driven by the current value of real estate in the Heron Lake area. While nearly 55.82% of residents own their homes outright in Heron Lake, 10.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Heron Lake is $5,666 per month. Households that rent pay about 10.18% of their income on rent here. Heron Lake's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Okabena, MN: higher priced homes
- Wilder, MN: higher priced homes
- Dundee, MN: higher priced homes
- Kinbrae, MN: higher priced homes
- Brewster, MN: higher priced homes
- Windom, MN: higher priced homes
- Lakefield, MN: higher priced homes
- Lime Creek, MN: higher priced homes
- Fulda, MN: higher priced homes
- Storden, MN: higher priced homes
Cities with Similar Populations
- Gilboa, NY: higher priced homes
- Susan, VA: higher priced homes
- Sunshine, NM: less expensive homes
- Sunshine, LA: higher priced homes
- Sunrise Beach Village, TX: higher priced homes
- Strang, OK: less expensive homes
- Stokes, NC: less expensive homes
- Johns, MS: higher priced homes
- Jasper, MN: higher priced homes
- Husser, LA: higher priced homes
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