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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 $742,552, higher than the Minnesota average of $345,793.
The average cost of rent is $1,386/mo in Medina, primarily driven by the current value of real estate in the Medina area. In Medina, 7.84% of households rent, and 27.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medina is $17,109 per month. Households that rent pay about 8.10% of their income on rent here. Medina’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Long Lake, MN: less expensive homes
- Plymouth, MN: less expensive homes
- Corcoran, MN: less expensive homes
- Wayzata, MN: higher 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: less expensive 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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