Home Price Key
Affordable
Average
Expensive
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 $240,743, lower than the Minnesota average of $269,934.
The average cost of rent is $795/mo in Nevis, primarily driven by the current value of real estate in the Nevis area. While nearly 43.01% of residents own their homes outright in Nevis, 7.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Nevis is $5,423 per month. Households that rent pay about 14.66% of their income on rent here. Nevis's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Springfield, SD: less expensive homes
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