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Affordable
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These days, finding an affordable place to live in the Mabel area can be challenging. Home prices in Mabel are now at a median cost of $153,953, lower than the Minnesota average of $345,793.
The average cost of rent is $762/mo in Mabel, primarily driven by the current value of real estate in the Mabel area. In Mabel, 12.20% of households rent, and 41.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mabel is $5,368 per month. Households that rent pay about 14.20% of their income on rent here. Mabel’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
- Hesper, IA: higher priced homes
- Newburg, MN: higher priced homes
- Burr Oak, IA: higher priced homes
- Prosper, MN: higher priced homes
- Newhouse, MN: higher priced homes
- Riceford, MN: higher priced homes
- Lenora, MN: equally priced homes
- Highlandville, IA: higher priced homes
- Tawney, MN: higher priced homes
- Spring Grove, MN: higher priced homes
Cities with Similar Populations
- Ashfield, MA: higher priced homes
- Audubon Park, NJ: less expensive homes
- Bancroft, WI: higher priced homes
- Bartlett, NH: higher priced homes
- Oneida, IL: less expensive homes
- Pembroke, NH: higher priced homes
- Peggy, TX: higher priced homes
- Peace Valley, MO: higher priced homes
- Patterson, MO: less expensive homes
- Parmelee, SD: less expensive homes
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