Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lakefield area can be challenging. Home prices in Lakefield are now at a median cost of $120,852, lower than the Minnesota average of $269,934.
The average cost of rent is $831/mo in Lakefield, primarily driven by the current value of real estate in the Lakefield area. While nearly 53.33% of residents own their homes outright in Lakefield, 17.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakefield is $4,942 per month. Households that rent pay about 16.82% of their income on rent here. Lakefield's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Okabena, MN: higher priced homes
- Jackson, MN: equally priced homes
- Wilder, MN: higher priced homes
- Heron Lake, MN: less expensive homes
- Windom, MN: higher priced homes
- Montgomery, IA: higher priced homes
- Petersburg, MN: equally priced homes
- Alpha, MN: equally priced homes
- Orleans, IA: higher priced homes
- Brewster, MN: higher priced homes
Cities with Similar Populations
- Raven, VA: less expensive homes
- Lincoln Heights, OH: less expensive homes
- Little Mountain, SC: higher priced homes
- Luzerne, PA: equally priced homes
- Marshfield Hills, MA: higher priced homes
- McLouth, KS: higher priced homes
- Montpelier, IN: less expensive homes
- Moretown, VT: higher priced homes
- Oakville, WA: higher priced homes
- Ogden, IA: higher priced homes
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