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These days, finding an affordable place to live in the Minnesota City area can be challenging. Home prices in Minnesota City are now at a median cost of $239,671, lower than the Minnesota average of $345,793.
The average cost of rent is $865/mo in Minnesota City, primarily driven by the current value of real estate in the Minnesota City area. In Minnesota City, 29.57% of households rent, and 47.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Minnesota City is $5,719 per month. Households that rent pay about 15.13% of their income on rent here. Minnesota City’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Goodview, MN: less expensive homes
- Stockton, MN: equally priced homes
- Rollingstone, MN: higher priced homes
- Winona, MN: equally priced homes
- Fountain City, WI: less expensive homes
- Wilson, MN: higher priced homes
- Bethany, MN: higher priced homes
- Marshland, WI: equally priced homes
- Oakridge, MN: higher priced homes
- Czechville, WI: equally priced homes
Cities with Similar Populations
- West Point, CA: higher priced homes
- Exeter, MO: less expensive homes
- Fort Polk North, LA: less expensive homes
- Fosters, AL: equally priced homes
- Glendale, KY: higher priced homes
- Grasston, MN: equally priced homes
- Hardee Cross Roads, NC: equally priced homes
- Lewiston, MN: equally priced homes
- Valleyford, WA: higher priced homes
- Waddington, NY: less expensive homes
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