The Most Affordable Neighborhoods in Lamberton, MN by Home Value

These days, finding an affordable place to live in the Lamberton area can be challenging. Home prices in Lamberton are now at a median cost of $129,830, lower than the Minnesota average of $345,793.

The average cost of rent is $747/mo in Lamberton, primarily driven by the current value of real estate in the Lamberton area. In Lamberton, 16.54% of households rent, and 56.75% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lamberton is $5,456 per month. Households that rent pay about 13.70% of their income on rent here. Lamberton’s most expensive areas are in the northwestern 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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