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These days, finding an affordable place to live in the Karlstad area can be challenging. Home prices in Karlstad are now at a median cost of $132,011, lower than the Minnesota average of $345,793.
The average cost of rent is $649/mo in Karlstad, primarily driven by the current value of real estate in the Karlstad area. In Karlstad, 22.33% of households rent, and 54.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Karlstad is $5,817 per month. Households that rent pay about 11.16% of their income on rent here. Karlstad’s most expensive areas are in the northeastern 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
- Halma, MN: higher priced homes
- Strandquist, MN: higher priced homes
- Florian, MN: higher priced homes
- Lake Bronson, MN: higher priced homes
- Donaldson, MN: equally priced homes
- Strathcona, MN: higher priced homes
- Kennedy, MN: equally priced homes
- Greenbush, MN: higher priced homes
- Stephen, MN: less expensive homes
- Noyes, MN: equally priced homes
Cities with Similar Populations
- Poughkeepsie, AR: higher priced homes
- Marston, TX: equally priced homes
- Maywood, MO: higher priced homes
- Midland, MD: higher priced homes
- Moenave, AZ: less expensive homes
- Mountain View, OK: less expensive homes
- Nesmith, SC: less expensive homes
- New Derry, PA: higher priced homes
- Newmans, MS: higher priced homes
- Onekama, MI: higher priced homes
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