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These days, finding an affordable place to live in the Minnesota area can be challenging. Home prices in Minnesota are now at a median cost of $156,892, lower than the Georgia average of $324,634.
The average cost of rent is $884/mo in Minnesota, primarily driven by the current value of real estate in the Minnesota area. In Minnesota, 35.67% of households rent, and 58.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Minnesota is $5,004 per month. Households that rent pay about 17.67% of their income on rent here. Minnesota’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Doerun, GA: equally priced homes
- Sigsbee, GA: higher priced homes
- Ticknor, GA: less expensive homes
- Funston, GA: equally priced homes
- Schley, GA: equally priced homes
- New Elm, GA: less expensive homes
- Hartsfield, GA: less expensive homes
- Pebble City, GA: less expensive homes
- Pritchetts, GA: less expensive homes
- Sale City, GA: less expensive homes
Cities with Similar Populations
- Rural Hill, MS: less expensive homes
- McCutchens Crossroads, SC: less expensive homes
- McFarlan, NC: less expensive homes
- McGowan, KY: equally priced homes
- Mchenry, ND: higher priced homes
- Meads Creek, NY: less expensive homes
- Menard, IL: less expensive homes
- Millston, WI: higher priced homes
- Rossland City, AL: less expensive homes
- Rote, PA: higher priced homes
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