Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Medina area can be challenging. Home prices in Medina are now at a median cost of $580,389, higher than the Minnesota average of $269,934.
The average cost of rent is $1,351/mo in Medina, primarily driven by the current value of real estate in the Medina area. While nearly 21.91% of residents own their homes outright in Medina, 3.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medina is $16,584 per month. Households that rent pay about 8.15% of their income on rent here. Medina's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Long Lake, MN: less expensive homes
- Plymouth, MN: less expensive homes
- Corcoran, MN: less expensive homes
- Wayzata, MN: equally priced homes
- Orono, MN: higher priced homes
- Maple Plain, MN: less expensive homes
- Maple Grove, MN: less expensive homes
- Loretto, MN: less expensive homes
- Woodland, MN: higher priced homes
- Independence, MN: equally priced homes
Cities with Similar Populations
- Northumberland, PA: less expensive homes
- Peebles, OH: less expensive homes
- Pecan Plantation, TX: less expensive homes
- Pawling, NY: less expensive homes
- Pascoag, RI: less expensive homes
- Oliver Springs, TN: less expensive homes
- Ocean City, FL: less expensive homes
- Oakdale, CT: less expensive homes
- Oak Harbor, OH: less expensive homes
- Notre Dame, IN: less expensive homes
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