Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hutchinson area can be challenging. Home prices in Hutchinson are now at a median cost of $190,898, lower than the Minnesota average of $269,934.
The average cost of rent is $813/mo in Hutchinson, primarily driven by the current value of real estate in the Hutchinson area. While nearly 36.18% of residents own their homes outright in Hutchinson, 27.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hutchinson is $5,537 per month. Households that rent pay about 14.68% of their income on rent here. Hutchinson's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Komensky, MN: higher priced homes
- Biscay, MN: higher priced homes
- Cedar Mills, MN: higher priced homes
- Jennie, MN: higher priced homes
- Lakeside, MN: higher priced homes
- Lamson, MN: higher priced homes
- Greenleaf, MN: higher priced homes
- Silver Lake, MN: equally priced homes
- Brownton, MN: less expensive homes
- Darwin, MN: higher priced homes
Cities with Similar Populations
- Valle Vista, CA: higher priced homes
- Dumont, NJ: higher priced homes
- Easthampton, MA: higher priced homes
- Eastlake, OH: less expensive homes
- Effingham, IL: equally priced homes
- Washington, IN: less expensive homes
- Wakulla Springs, FL: less expensive homes
- Vincentown, NJ: higher priced homes
- Verona, PA: less expensive homes
- Verdigris, OK: equally priced homes
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