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Affordable
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These days, finding an affordable place to live in the Lockhart area can be challenging. Home prices in Lockhart are now at a median cost of $140,307, lower than the Minnesota average of $345,793.
The average cost of rent is $770/mo in Lockhart, primarily driven by the current value of real estate in the Lockhart area. In Lockhart, 19.12% of households rent, and 52.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lockhart is $6,076 per month. Households that rent pay about 12.68% of their income on rent here. Lockhart’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
- Ada, MN: equally priced homes
- Beltrami, MN: higher priced homes
- Gary, MN: higher priced homes
- Shelly, MN: equally priced homes
- Fertile, MN: higher priced homes
- Halstad, MN: equally priced homes
- Nielsville, MN: higher priced homes
- Borup, MN: higher priced homes
- Heiberg, MN: equally priced homes
- Hendrum, MN: equally priced homes
Cities with Similar Populations
- La Joya, NM: higher priced homes
- Kapulena, HI: higher priced homes
- Kealia, HI: higher priced homes
- Kellersburg, PA: less expensive homes
- Kelly Point, PA: higher priced homes
- Kellysville, WV: less expensive homes
- Kenna, NM: higher priced homes
- Kimery, TN: less expensive homes
- Kinbrae, MN: higher priced homes
- King and Anderson, MS: higher priced homes
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