Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montevideo area can be challenging. Home prices in Montevideo are now at a median cost of $119,873, lower than the Minnesota average of $269,934.
The average cost of rent is $711/mo in Montevideo, primarily driven by the current value of real estate in the Montevideo area. While nearly 31.53% of residents own their homes outright in Montevideo, 31.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montevideo is $4,927 per month. Households that rent pay about 14.43% of their income on rent here. Montevideo's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Watson, MN: equally priced homes
- Wegdahl, MN: higher priced homes
- Boyd, MN: higher priced homes
- Milan, MN: less expensive homes
- Clarkfield, MN: less expensive homes
- Maynard, MN: higher priced homes
- Gluek, MN: higher priced homes
- Granite Falls, MN: higher priced homes
- Hagan, MN: higher priced homes
- Hazel Run, MN: higher priced homes
Cities with Similar Populations
- Rockland, ME: higher priced homes
- Jefferson, OR: higher priced homes
- Jena, LA: higher priced homes
- Jim Thorpe, PA: higher priced homes
- Joelton, TN: higher priced homes
- Jones, OK: higher priced homes
- Judsonia, AR: less expensive homes
- Kalama, WA: higher priced homes
- Kalkaska, MI: higher priced homes
- Kasson, MN: higher priced homes
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