Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mayer area can be challenging. Home prices in Mayer are now at a median cost of $311,803, higher than the Minnesota average of $269,934.
The average cost of rent is $1,298/mo in Mayer, primarily driven by the current value of real estate in the Mayer area. While nearly 24.03% of residents own their homes outright in Mayer, 6.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mayer is $8,778 per month. Households that rent pay about 14.78% of their income on rent here. Mayer's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- New Germany, MN: less expensive homes
- Watertown, MN: less expensive homes
- Young America, MN: higher priced homes
- Waconia, MN: higher priced homes
- St. Bonifacius, MN: higher priced homes
- Lester Prairie, MN: less expensive homes
- Norwood, MN: equally priced homes
- Norwood Young America, MN: less expensive homes
- Cologne, MN: equally priced homes
- Winsted, MN: less expensive homes
Cities with Similar Populations
- Brooks, KY: less expensive homes
- Pleak, TX: less expensive homes
- Pine Knot, KY: less expensive homes
- New Stanton, PA: less expensive homes
- Munising, MI: less expensive homes
- Lomira, WI: less expensive homes
- Litchfield, OH: less expensive homes
- Kingsville, MO: less expensive homes
- Kings Beach, CA: higher priced homes
- Hustonville, KY: less expensive homes
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