Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mountain Lake area can be challenging. Home prices in Mountain Lake are now at a median cost of $127,510, lower than the Minnesota average of $269,934.
The average cost of rent is $649/mo in Mountain Lake, primarily driven by the current value of real estate in the Mountain Lake area. While nearly 50.58% of residents own their homes outright in Mountain Lake, 18.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mountain Lake is $5,075 per month. Households that rent pay about 12.79% of their income on rent here. Mountain Lake's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Bingham Lake, MN: higher priced homes
- Butterfield, MN: less expensive homes
- Delft, MN: higher priced homes
- Darfur, MN: higher priced homes
- Odin, MN: higher priced homes
- Windom, MN: higher priced homes
- Comfrey, MN: higher priced homes
- Sveadahl, MN: higher priced homes
- St. James, MN: less expensive homes
- Wilder, MN: higher priced homes
Cities with Similar Populations
- Ashley, PA: less expensive homes
- Athens, WI: higher priced homes
- Bellevue, IL: less expensive homes
- Bessemer, MI: less expensive homes
- Bethel Springs, TN: less expensive homes
- Bethlehem, WV: higher priced homes
- Big Sandy, TN: less expensive homes
- Bloomfield, KY: higher priced homes
- Bloomingdale, MI: equally priced homes
- Brocton, NY: less expensive homes
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