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Affordable
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These days, finding an affordable place to live in the Loman area can be challenging. Home prices in Loman are now at a median cost of $164,262, lower than the Minnesota average of $345,793.
The average cost of rent is $967/mo in Loman, primarily driven by the current value of real estate in the Loman area. In Loman, 10.47% of households rent, and 69.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loman is $6,862 per month. Households that rent pay about 14.09% of their income on rent here. Loman’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Manitou, MN: equally priced homes
- Pelland, MN: equally priced homes
- Littlefork, MN: equally priced homes
- International Falls, MN: equally priced homes
- Ericsburg, MN: higher priced homes
- Jameson, MN: equally priced homes
- Birchdale, MN: equally priced homes
- Ranier, MN: higher priced homes
- Big Falls, MN: equally priced homes
- Grand Falls, MN: equally priced homes
Cities with Similar Populations
- Slateville, NY: higher priced homes
- La Manga, NM: higher priced homes
- Labarre, LA: equally priced homes
- Lacy, SD: higher priced homes
- Ladoga, MI: higher priced homes
- Lagoona Beach, MN: higher priced homes
- Lahore, VA: higher priced homes
- Lake City, KS: less expensive homes
- Lake Creek, OK: less expensive homes
- Lake Don Pedro, CA: higher priced homes
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