The Most Affordable Neighborhoods in Manitou, MN by Home Value

These days, finding an affordable place to live in the Manitou area can be challenging. Home prices in Manitou are now at a median cost of $166,400, lower than the Minnesota average of $345,793.

The average cost of rent is $967/mo in Manitou, primarily driven by the current value of real estate in the Manitou area. In Manitou, 11.07% of households rent, and 71.32% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Manitou is $7,045 per month. Households that rent pay about 13.73% of their income on rent here. Manitou’s most expensive areas are in the central 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.

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