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Affordable
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These days, finding an affordable place to live in the Lester Prairie area can be challenging. Home prices in Lester Prairie are now at a median cost of $282,267, lower than the Minnesota average of $345,793.
The average cost of rent is $829/mo in Lester Prairie, primarily driven by the current value of real estate in the Lester Prairie area. In Lester Prairie, 12.58% of households rent, and 39.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lester Prairie is $8,229 per month. Households that rent pay about 10.07% of their income on rent here. Lester Prairie’s most expensive areas are in the southern 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
- New Germany, MN: higher priced homes
- Winsted, MN: less expensive homes
- Plato, MN: higher priced homes
- Silver Lake, MN: equally priced homes
- Mayer, MN: higher priced homes
- Young America, MN: higher priced homes
- Glencoe, MN: less expensive homes
- Norwood Young America, MN: equally priced homes
- Hamburg, MN: higher priced homes
- Watertown, MN: higher priced homes
Cities with Similar Populations
- Baroda, MI: less expensive homes
- Willis, VA: less expensive homes
- West Tawakoni, TX: less expensive homes
- Watkins, MN: equally priced homes
- Watermill, NY: higher priced homes
- Sutherland Springs, TX: higher priced homes
- Saugatuck, MI: higher priced homes
- Rimersburg, PA: less expensive homes
- Lee, FL: less expensive homes
- Hollister, NC: less expensive homes
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