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These days, finding an affordable place to live in the Lake Itasca area can be challenging. Home prices in Lake Itasca are now at a median cost of $272,539, lower than the Minnesota average of $345,793.
The average cost of rent is $778/mo in Lake Itasca, primarily driven by the current value of real estate in the Lake Itasca area. In Lake Itasca, 8.07% of households rent, and 56.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Itasca is $6,380 per month. Households that rent pay about 12.19% of their income on rent here. Lake Itasca’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Zerkel, MN: less expensive homes
- Lake George, MN: higher priced homes
- Solway, MN: less expensive homes
- Roy Lake, MN: less expensive homes
- Rice Lake, MN: less expensive homes
- Shevlin, MN: less expensive homes
- Wilton, MN: equally priced homes
- Laporte, MN: equally priced homes
- Ponsford, MN: equally priced homes
- Bagley, MN: less expensive homes
Cities with Similar Populations
- Rossland City, AL: less expensive homes
- Mesa Verde National Park, CO: higher priced homes
- Metcalf, IL: less expensive homes
- Metz, MI: less expensive homes
- Middle Water, TX: higher priced homes
- Rock Springs, NM: less expensive homes
- Rockport, MS: less expensive homes
- Rockview, MO: less expensive homes
- Rohrs, NE: less expensive homes
- Rolling Ground, WI: less expensive homes
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