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These days, finding an affordable place to live in the New Prague area can be challenging. Home prices in New Prague are now at a median cost of $400,032, higher than the Minnesota average of $345,793.
The average cost of rent is $1,299/mo in New Prague, primarily driven by the current value of real estate in the New Prague area. In New Prague, 17.11% of households rent, and 32.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Prague is $9,586 per month. Households that rent pay about 13.55% of their income on rent here. New Prague’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Patrick, MN: equally priced homes
- Heidelberg, MN: equally priced homes
- Union Hill, MN: higher priced homes
- Veseli, MN: higher priced homes
- Lydia, MN: higher priced homes
- Montgomery, MN: less expensive homes
- Jordan, MN: equally priced homes
- Lonsdale, MN: equally priced homes
- Webster, MN: higher priced homes
- New Market, MN: higher priced homes
Cities with Similar Populations
- Tres Hermanos, PR: less expensive homes
- Delavan, WI: less expensive homes
- Delta, CO: less expensive homes
- Derby, CT: less expensive homes
- Dobbs Ferry, NY: higher priced homes
- Dowagiac, MI: less expensive homes
- Dunlap, IL: less expensive homes
- Dupont, WA: higher priced homes
- Erwin, TN: less expensive homes
- Essexville, MI: less expensive homes
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