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Affordable
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These days, finding an affordable place to live in the Hinckley area can be challenging. Home prices in Hinckley are now at a median cost of $225,375, lower than the Minnesota average of $345,793.
The average cost of rent is $978/mo in Hinckley, primarily driven by the current value of real estate in the Hinckley area. In Hinckley, 23.24% of households rent, and 46.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hinckley is $5,239 per month. Households that rent pay about 18.67% of their income on rent here. Hinckley’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Friesland, MN: equally priced homes
- Beroun, MN: higher priced homes
- Sandstone, MN: less expensive homes
- Kroschel, MN: equally priced homes
- Brook Park, MN: equally priced homes
- Pine City, MN: equally priced homes
- Rock Creek, MN: higher priced homes
- Askov, MN: equally priced homes
- Finlayson, MN: higher priced homes
- Henriette, MN: equally priced homes
Cities with Similar Populations
- Elko New Market, MN: higher priced homes
- Ashland, AL: less expensive homes
- Ashland, NE: higher priced homes
- Assonet, MA: higher priced homes
- Blissfield, MI: less expensive homes
- La Vale, MD: less expensive homes
- Nowthen, MN: higher priced homes
- Holden, ME: higher priced homes
- Holden, LA: equally priced homes
- Nunica, MI: higher priced homes
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