The Most Affordable Neighborhoods in McKinley, MN by Home Value

These days, finding an affordable place to live in the McKinley area can be challenging. Home prices in McKinley are now at a median cost of $120,598, lower than the Minnesota average of $345,793.

The average cost of rent is $809/mo in McKinley, primarily driven by the current value of real estate in the McKinley area. In McKinley, 19.48% of households rent, and 59.32% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in McKinley is $5,519 per month. Households that rent pay about 14.65% of their income on rent here. McKinley’s most expensive areas are in the southeastern 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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