The Most Affordable Neighborhoods in Lake Wilson, MN by Home Value

These days, finding an affordable place to live in the Lake Wilson area can be challenging. Home prices in Lake Wilson are now at a median cost of $174,508, lower than the Minnesota average of $345,793.

The average cost of rent is $819/mo in Lake Wilson, primarily driven by the current value of real estate in the Lake Wilson area. In Lake Wilson, 17.41% of households rent, and 65.01% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lake Wilson is $6,541 per month. Households that rent pay about 12.53% of their income on rent here. Lake Wilson’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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