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These days, finding an affordable place to live in the Kensington area can be challenging. Home prices in Kensington are now at a median cost of $260,367, lower than the Minnesota average of $345,793.
The average cost of rent is $921/mo in Kensington, primarily driven by the current value of real estate in the Kensington area. In Kensington, 9.51% of households rent, and 43.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Kensington is $6,089 per month. Households that rent pay about 15.13% of their income on rent here. Kensington’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Farwell, MN: higher priced homes
- Hoffman, MN: less expensive homes
- Holmes City, MN: higher priced homes
- Lowry, MN: higher priced homes
- Barrett, MN: less expensive homes
- Brandon, MN: equally priced homes
- Cyrus, MN: less expensive homes
- Garfield, MN: higher priced homes
- Evansville, MN: less expensive homes
- Forada, MN: higher priced homes
Cities with Similar Populations
- Moore, ID: equally priced homes
- Randall Corner, NY: equally priced homes
- New Cuyama, CA: higher priced homes
- Nevils, GA: less expensive homes
- Neva Corners, WI: less expensive homes
- Nesika Beach, OR: higher priced homes
- Nesbitt, TX: less expensive homes
- Naco, AZ: less expensive homes
- Mooreville, MI: higher priced homes
- Rappahannock Academy, VA: higher priced homes
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