Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Medicine Lake area can be challenging. Home prices in Medicine Lake are now at a median cost of $441,046, higher than the Minnesota average of $269,934.
The average cost of rent is $1,617/mo in Medicine Lake, primarily driven by the current value of real estate in the Medicine Lake area. While nearly 33.57% of residents own their homes outright in Medicine Lake, 36.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medicine Lake is $10,951 per month. Households that rent pay about 14.77% of their income on rent here. Medicine Lake's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Golden Valley, MN: less expensive homes
- Plymouth, MN: less expensive homes
- New Hope, MN: less expensive homes
- Crystal, MN: less expensive homes
- St. Louis Park, MN: less expensive homes
- Wayzata, MN: higher priced homes
- Minnetonka, MN: less expensive homes
- Robbinsdale, MN: less expensive homes
- Hopkins, MN: less expensive homes
- Woodland, MN: higher priced homes
Cities with Similar Populations
- South Fork, MO: less expensive homes
- Golden, TX: less expensive homes
- Goldsboro, GA: less expensive homes
- Grand Cane, LA: less expensive homes
- Grandfield, OK: less expensive homes
- Highland, VA: less expensive homes
- Hillebrandt, TX: less expensive homes
- Holcomb, MO: less expensive homes
- Sodus Point, NY: less expensive homes
- Golden, IL: less expensive homes
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