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These days, finding an affordable place to live in the Ivanhoe area can be challenging. Home prices in Ivanhoe are now at a median cost of $115,399, lower than the Minnesota average of $345,793.
The average cost of rent is $661/mo in Ivanhoe, primarily driven by the current value of real estate in the Ivanhoe area. In Ivanhoe, 22.82% of households rent, and 67.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ivanhoe is $4,766 per month. Households that rent pay about 13.86% of their income on rent here. Ivanhoe’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilno, MN: higher priced homes
- Arco, MN: higher priced homes
- Hendricks, MN: higher priced homes
- Taunton, MN: higher priced homes
- Lake Benton, MN: higher priced homes
- Tyler, MN: higher priced homes
- Porter, MN: higher priced homes
- Astoria, SD: higher priced homes
- Minneota, MN: higher priced homes
- Russell, MN: higher priced homes
Cities with Similar Populations
- Alta, CA: higher priced homes
- Alliance, NC: higher priced homes
- Bascom, FL: equally priced homes
- Barre Center, NY: higher priced homes
- Bangs, OH: higher priced homes
- Balsam, NC: higher priced homes
- Austin, PA: equally priced homes
- Augusta, IL: less expensive homes
- Argonia, KS: higher priced homes
- Alta Vista, IA: higher priced homes
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