Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hoffman area can be challenging. Home prices in Hoffman are now at a median cost of $138,503, lower than the Minnesota average of $269,934.
The average cost of rent is $654/mo in Hoffman, primarily driven by the current value of real estate in the Hoffman area. While nearly 34.34% of residents own their homes outright in Hoffman, 25.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hoffman is $4,767 per month. Households that rent pay about 13.72% of their income on rent here. Hoffman's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Kensington, MN: higher priced homes
- Barrett, MN: higher priced homes
- Farwell, MN: higher priced homes
- Holmes City, MN: higher priced homes
- Erdahl, MN: higher priced homes
- Donnelly, MN: higher priced homes
- Cyrus, MN: higher priced homes
- Evansville, MN: higher priced homes
- Brandon, MN: higher priced homes
- Elbow Lake, MN: less expensive homes
Cities with Similar Populations
- Gore Springs, MS: less expensive homes
- Tabor, SD: less expensive homes
- Spearsville, LA: less expensive homes
- Hiram Rapids, OH: higher priced homes
- Hays, MT: less expensive homes
- Hayne, NC: less expensive homes
- Harviell, MO: higher priced homes
- Harrisville, MS: less expensive homes
- Grovespring, MO: equally priced homes
- Greenview, IL: less expensive homes
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