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These days, finding an affordable place to live in the Nevis area can be challenging. Home prices in Nevis are now at a median cost of $315,639, lower than the Minnesota average of $345,793.
The average cost of rent is $875/mo in Nevis, primarily driven by the current value of real estate in the Nevis area. In Nevis, 8.25% of households rent, and 47.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nevis is $6,059 per month. Households that rent pay about 14.45% of their income on rent here. Nevis’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dorset, MN: equally priced homes
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- Walker, MN: equally priced homes
- Benedict, MN: less expensive homes
- Hackensack, MN: equally priced homes
Cities with Similar Populations
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- Pinson, TN: less expensive homes
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- Shadybrook, TX: less expensive homes
- Springfield, SD: less expensive homes
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