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These days, finding an affordable place to live in the Jacobson area can be challenging. Home prices in Jacobson are now at a median cost of $276,877, lower than the Minnesota average of $345,793.
The average cost of rent is $1,123/mo in Jacobson, primarily driven by the current value of real estate in the Jacobson area. In Jacobson, 7.99% of households rent, and 60.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Jacobson is $5,523 per month. Households that rent pay about 20.33% of their income on rent here. Jacobson’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Swan River, MN: less expensive homes
- Warba, MN: less expensive homes
- Wawina, MN: less expensive homes
- Hill City, MN: less expensive homes
- Goodland, MN: less expensive homes
- Sheshebee, MN: equally priced homes
- Minnewawa, MN: equally priced homes
- Floodwood, MN: less expensive homes
- Grand Rapids, MN: less expensive homes
- La Prairie, MN: less expensive homes
Cities with Similar Populations
- Bluestone, WV: less expensive homes
- Tolosa, TX: less expensive homes
- Throopsville, NY: less expensive homes
- Three Creeks, AR: less expensive homes
- Tea, MO: less expensive homes
- Tangier, VA: less expensive homes
- Brewster, KS: less expensive homes
- Bolckow, MO: less expensive homes
- Bodenham, TN: less expensive homes
- Tookland, VA: less expensive homes
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