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These days, finding an affordable place to live in the Larsmont area can be challenging. Home prices in Larsmont are now at a median cost of $386,316, higher than the Minnesota average of $345,793.
The average cost of rent is $1,189/mo in Larsmont, primarily driven by the current value of real estate in the Larsmont area. In Larsmont, 13.97% of households rent, and 45.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Larsmont is $8,941 per month. Households that rent pay about 13.30% of their income on rent here. Larsmont’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Knife River, MN: equally priced homes
- Two Harbors, MN: less expensive homes
- Waldo, MN: less expensive homes
- Palmers, MN: equally priced homes
- French River, MN: less expensive homes
- Highland, MN: less expensive homes
- Whyte, MN: less expensive homes
- Brimson, MN: less expensive homes
- Wales, MN: less expensive homes
- Duluth, MN: less expensive homes
Cities with Similar Populations
- Halbur, IA: less expensive homes
- Springville, OH: less expensive homes
- Harris, RI: higher priced homes
- Harmonsburg, PA: less expensive homes
- Hardwick, MN: less expensive homes
- Harcum, VA: equally priced homes
- Hannasville, PA: less expensive homes
- Hanley, IA: less expensive homes
- Handle, MS: less expensive homes
- St. Francis, ME: less expensive homes
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