The Most Affordable Neighborhoods in Money Creek, MN by Home Value

 

Money Creek, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Money Creek area can be challenging. Home prices in Money Creek are now at a median cost of $291,427, lower than the Minnesota average of $345,793.

The average cost of rent is $939/mo in Money Creek, primarily driven by the current value of real estate in the Money Creek area. In Money Creek, 10.82% of households rent, and 54.22% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Money Creek is $7,583 per month. Households that rent pay about 12.39% of their income on rent here. Money Creek’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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