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Affordable
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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 $156,374, lower than the Minnesota average of $345,793.
The average cost of rent is $950/mo in Ihlen, primarily driven by the current value of real estate in the Ihlen area. In Ihlen, 7.71% of households rent, and 55.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ihlen is $7,160 per month. Households that rent pay about 13.27% of their income on rent here. Ihlen’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pipestone, MN: equally priced homes
- Jasper, MN: less expensive homes
- Trosky, MN: higher priced homes
- Hatfield, MN: higher priced homes
- Flandreau, SD: higher priced homes
- Edgerton, MN: equally priced homes
- Hardwick, MN: higher priced homes
- Trent, SD: higher priced homes
- Sherman, SD: higher priced homes
- Egan, SD: equally priced homes
Cities with Similar Populations
- Hartwick, IA: higher priced homes
- Hessville, NY: higher priced homes
- Hereford, MD: higher priced homes
- Herbine, AR: equally priced homes
- Henry, LA: higher priced homes
- Helmer, IN: higher priced homes
- Hebbardsville, KY: higher priced homes
- Healing Springs, NC: higher priced homes
- Hazel Hurst, PA: less expensive homes
- Hayward, MO: less expensive homes
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