Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Minnesota Lake area can be challenging. Home prices in Minnesota Lake are now at a median cost of $129,779, lower than the Minnesota average of $269,934.
The average cost of rent is $714/mo in Minnesota Lake, primarily driven by the current value of real estate in the Minnesota Lake area. While nearly 36.51% of residents own their homes outright in Minnesota Lake, 17.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Minnesota Lake is $5,242 per month. Households that rent pay about 13.63% of their income on rent here. Minnesota Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Easton, MN: equally priced homes
- Wells, MN: less expensive homes
- Mapleton, MN: higher priced homes
- Waldorf, MN: higher priced homes
- Delavan, MN: equally priced homes
- Pemberton, MN: higher priced homes
- Sterling Center, MN: higher priced homes
- Brush Creek, MN: equally priced homes
- Freeborn, MN: higher priced homes
- New Richland, MN: higher priced homes
Cities with Similar Populations
- Side Lake, MN: higher priced homes
- Jefferson City, MT: higher priced homes
- Jeremiah, KY: less expensive homes
- Kansas, TN: higher priced homes
- Kirkville, MS: less expensive homes
- Lake Kathryn, FL: less expensive homes
- Loraine, TX: less expensive homes
- Rork, LA: higher priced homes
- Scotland, PA: higher priced homes
- Scott, TX: higher priced homes
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