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Affordable
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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 $413,487, higher than the Minnesota average of $345,793.
The average cost of rent is $1,188/mo in Lutsen, primarily driven by the current value of real estate in the Lutsen area. In Lutsen, 13.48% of households rent, and 45.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lutsen is $7,014 per month. Households that rent pay about 16.94% of their income on rent here. Lutsen’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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