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These days, finding an affordable place to live in the Litchfield area can be challenging. Home prices in Litchfield are now at a median cost of $214,650, lower than the Minnesota average of $345,793.
The average cost of rent is $953/mo in Litchfield, primarily driven by the current value of real estate in the Litchfield area. In Litchfield, 31.06% of households rent, and 44.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Litchfield is $5,564 per month. Households that rent pay about 17.13% of their income on rent here. Litchfield’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Darwin, MN: higher priced homes
- Strout, MN: higher priced homes
- Manannah, MN: higher priced homes
- Greenleaf, MN: higher priced homes
- Grove City, MN: equally priced homes
- Dassel, MN: higher priced homes
- Kingston, MN: higher priced homes
- Jennie, MN: higher priced homes
- Cedar Mills, MN: higher priced homes
- Atwater, MN: equally priced homes
Cities with Similar Populations
- Sisters, OR: higher priced homes
- Imlay City, MI: equally priced homes
- Independence, IA: less expensive homes
- Indian Head, MD: higher priced homes
- Island Park, NY: higher priced homes
- Shipshewana, IN: higher priced homes
- Shirley, MA: higher priced homes
- Silverthorne, CO: higher priced homes
- Silvis, IL: less expensive homes
- Sinton, TX: less expensive homes
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