Expensive
Affordable
Affordable
Colorblind friendly
off
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 $680,823, higher than the Minnesota average of $345,793.
The average cost of rent is $1,659/mo in Medicine Lake, primarily driven by the current value of real estate in the Medicine Lake area. In Medicine Lake, 34.87% of households rent, and 37.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medicine Lake is $8,869 per month. Households that rent pay about 18.70% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood