Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hoyt Lakes area can be challenging. Home prices in Hoyt Lakes are now at a median cost of $69,196, lower than the Minnesota average of $269,934.
The average cost of rent is $1,189/mo in Hoyt Lakes, primarily driven by the current value of real estate in the Hoyt Lakes area. While nearly 50.16% of residents own their homes outright in Hoyt Lakes, 6.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hoyt Lakes is $5,064 per month. Households that rent pay about 23.47% of their income on rent here. Hoyt Lakes's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Aurora, MN: higher priced homes
- Colby, MN: higher priced homes
- Pineville, MN: higher priced homes
- Palo, MN: higher priced homes
- Biwabik, MN: higher priced homes
- Embarrass, MN: higher priced homes
- McKinley, MN: higher priced homes
- Gilbert, MN: higher priced homes
- Markham, MN: higher priced homes
- Makinen, MN: higher priced homes
Cities with Similar Populations
- Ruffsdale, PA: higher priced homes
- Hope, MI: higher priced homes
- Hyndman, PA: higher priced homes
- Jetersville, VA: higher priced homes
- Lake Hughes, CA: higher priced homes
- Lepanto, AR: equally priced homes
- Liverpool, TX: higher priced homes
- Milford Center, OH: higher priced homes
- Pepeekeo, HI: higher priced homes
- Pleasant Hill, OH: higher priced homes
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