Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lutsen area can be challenging. Home prices in Lutsen are now at a median cost of $284,901, higher than the Minnesota average of $269,934.
The average cost of rent is $1,237/mo in Lutsen, primarily driven by the current value of real estate in the Lutsen area. While nearly 41.15% of residents own their homes outright in Lutsen, 16.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lutsen is $6,296 per month. Households that rent pay about 19.65% of their income on rent here. Lutsen's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Tofte, MN: equally priced homes
- Grand Marais, MN: less expensive homes
- Taconite Harbor, MN: less expensive homes
- Maple Hill, MN: equally priced homes
- Schroeder, MN: less expensive homes
- Hovland, MN: equally priced homes
- Little Marais, MN: less expensive homes
- Murphy City, MN: less expensive homes
- Finland, MN: less expensive homes
- Lax Lake, MN: less expensive homes
Cities with Similar Populations
- Whitingham, VT: less expensive homes
- Bradenville, PA: less expensive homes
- Bryant, SD: less expensive homes
- Burden, KS: less expensive homes
- Burkeville, TX: less expensive homes
- Burlington Junction, MO: less expensive homes
- Cairo, IN: less expensive homes
- Caldwell, AR: less expensive homes
- Campbellsville, TN: less expensive homes
- Carr, NC: less expensive homes
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