The Most Affordable Neighborhoods in Ihlen, MN by Home Value

 

Ihlen, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ihlen area can be challenging. Home prices in Ihlen are now at a median cost of $124,615, lower than the Minnesota average of $269,934.

The average cost of rent is $752/mo in Ihlen, primarily driven by the current value of real estate in the Ihlen area. While nearly 54.60% of residents own their homes outright in Ihlen, 11.06% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ihlen is $5,864 per month. Households that rent pay about 12.82% of their income on rent here. Ihlen's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.


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