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Affordable
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These days, finding an affordable place to live in the Leonidas area can be challenging. Home prices in Leonidas are now at a median cost of $182,415, lower than the Minnesota average of $345,793.
The average cost of rent is $913/mo in Leonidas, primarily driven by the current value of real estate in the Leonidas area. In Leonidas, 16.46% of households rent, and 41.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Leonidas is $5,967 per month. Households that rent pay about 15.30% of their income on rent here. Leonidas’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eveleth, MN: less expensive homes
- Genoa, MN: higher priced homes
- Mountain Iron, MN: higher priced homes
- Iron Junction, MN: higher priced homes
- Virginia, MN: less expensive homes
- Parkville, MN: higher priced homes
- Iron, MN: higher priced homes
- Gilbert, MN: equally priced homes
- McKinley, MN: less expensive homes
- Kinney, MN: higher priced homes
Cities with Similar Populations
- Saline, MO: less expensive homes
- Montford, VA: higher priced homes
- Montpelier Station, VA: higher priced homes
- Moody, NY: less expensive homes
- Mora, LA: less expensive homes
- Moreland, AL: less expensive homes
- Ruby, WA: higher priced homes
- Rudement, IL: less expensive homes
- Ruso, ND: higher priced homes
- Ruthville, TN: less expensive homes
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