Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Nelson area can be challenging. Home prices in Nelson are now at a median cost of $236,639, lower than the Minnesota average of $269,934.
The average cost of rent is $817/mo in Nelson, primarily driven by the current value of real estate in the Nelson area. While nearly 42.94% of residents own their homes outright in Nelson, 12.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Nelson is $5,998 per month. Households that rent pay about 13.62% of their income on rent here. Nelson's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Osakis, MN: less expensive homes
- Carlos, MN: higher priced homes
- Alexandria, MN: higher priced homes
- Forada, MN: higher priced homes
- Miltona, MN: higher priced homes
- Spruce Center, MN: equally priced homes
- Gutches Grove, MN: less expensive homes
- Garfield, MN: equally priced homes
- West Union, MN: equally priced homes
- Villard, MN: less expensive homes
Cities with Similar Populations
- Wallace, CA: higher priced homes
- Butterfield, MN: less expensive homes
- Butters, NC: less expensive homes
- Cadiz, IN: less expensive homes
- Calwood, MO: less expensive homes
- Cardville, ME: less expensive homes
- Cinebar, WA: higher priced homes
- Clarion, MI: equally priced homes
- Cliffland, IA: less expensive homes
- Cold Springs, AL: less expensive homes
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