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These days, finding an affordable place to live in the Lanesboro area can be challenging. Home prices in Lanesboro are now at a median cost of $234,342, lower than the Minnesota average of $345,793.
The average cost of rent is $669/mo in Lanesboro, primarily driven by the current value of real estate in the Lanesboro area. In Lanesboro, 24.18% of households rent, and 44.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lanesboro is $6,910 per month. Households that rent pay about 9.68% of their income on rent here. Lanesboro’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whalan, MN: higher priced homes
- Preston, MN: equally priced homes
- Peterson, MN: higher priced homes
- Fountain, MN: higher priced homes
- Troy, MN: higher priced homes
- Canton, MN: less expensive homes
- Tawney, MN: less expensive homes
- Lenora, MN: less expensive homes
- Henrytown, MN: equally priced homes
- Harmony, MN: less expensive homes
Cities with Similar Populations
- Goodland, IN: less expensive homes
- Lore City, OH: less expensive homes
- Hughes, AR: less expensive homes
- Houck, AZ: less expensive homes
- Holden, WV: less expensive homes
- Hoffman, MN: less expensive homes
- Hill City, GA: less expensive homes
- Hessel, MI: less expensive homes
- Harviell, MO: less expensive homes
- Harrisville, MS: less expensive homes
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