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Affordable
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These days, finding an affordable place to live in the Makinen area can be challenging. Home prices in Makinen are now at a median cost of $219,314, lower than the Minnesota average of $345,793.
The average cost of rent is $943/mo in Makinen, primarily driven by the current value of real estate in the Makinen area. In Makinen, 7.78% of households rent, and 48.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Makinen is $6,451 per month. Households that rent pay about 14.62% of their income on rent here. Makinen’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Markham, MN: equally priced homes
- Melrude, MN: less expensive homes
- Palo, MN: less expensive homes
- Gilbert, MN: less expensive homes
- Genoa, MN: equally priced homes
- Eveleth, MN: less expensive homes
- Aurora, MN: less expensive homes
- Zim, MN: less expensive homes
- McKinley, MN: less expensive homes
- Cotton, MN: equally priced homes
Cities with Similar Populations
- Bradley, FL: less expensive homes
- Burlington, ME: less expensive homes
- Burleigh, TX: higher priced homes
- Bull Creek, MO: higher priced homes
- Browning, MO: less expensive homes
- Browning, IL: less expensive homes
- Brookville, KS: equally priced homes
- Brooklyn Heights, MO: less expensive homes
- Bromley, AL: higher priced homes
- Brevig Mission, AK: less expensive homes
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