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These days, finding an affordable place to live in the Moorhead area can be challenging. Home prices in Moorhead are now at a median cost of $150,029, lower than the Iowa average of $226,062.
The average cost of rent is $941/mo in Moorhead, primarily driven by the current value of real estate in the Moorhead area. In Moorhead, 12.21% of households rent, and 55.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Moorhead is $5,930 per month. Households that rent pay about 15.87% of their income on rent here. Moorhead’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Soldier, IA: equally priced homes
- Pisgah, IA: less expensive homes
- Turin, IA: less expensive homes
- Castana, IA: less expensive homes
- Blencoe, IA: higher priced homes
- Little Sioux, IA: less expensive homes
- River Sioux, IA: less expensive homes
- Ute, IA: less expensive homes
- Dunlap, IA: equally priced homes
- Onawa, IA: equally priced homes
Cities with Similar Populations
- Grady, AR: less expensive homes
- Talma, IN: equally priced homes
- Tallman, MI: higher priced homes
- Tabiona, UT: higher priced homes
- Sutherland, UT: higher priced homes
- Hammondville, AL: equally priced homes
- Hamby, TX: higher priced homes
- Halifax, KY: higher priced homes
- Grand River, IA: less expensive homes
- Tannery, KY: less expensive homes
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