Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Market area can be challenging. Home prices in New Market are now at a median cost of $363,520, higher than the Minnesota average of $269,934.
The average cost of rent is $1,406/mo in New Market, primarily driven by the current value of real estate in the New Market area. While nearly 15.72% of residents own their homes outright in New Market, 9.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Market is $11,319 per month. Households that rent pay about 12.42% of their income on rent here. New Market's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Elko New Market, MN: equally priced homes
- Elko, MN: higher priced homes
- Webster, MN: equally priced homes
- Veseli, MN: equally priced homes
- Little Chicago, MN: equally priced homes
- Lonsdale, MN: less expensive homes
- Lydia, MN: higher priced homes
- Millersburg, MN: equally priced homes
- Lakeville, MN: equally priced homes
- Castle Rock, MN: equally priced homes
Cities with Similar Populations
- View, TX: less expensive homes
- Crown Point Center, NY: less expensive homes
- Dallas, SD: less expensive homes
- Davenport, ND: less expensive homes
- Davilla, TX: less expensive homes
- Dawson, ND: less expensive homes
- Usibelli, AK: less expensive homes
- Valerie, CA: higher priced homes
- Valley Head, WV: less expensive homes
- Valverda, LA: less expensive homes
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