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These days, finding an affordable place to live in the New Trier area can be challenging. Home prices in New Trier are now at a median cost of $466,100, higher than the Minnesota average of $345,793.
The average cost of rent is $1,161/mo in New Trier, primarily driven by the current value of real estate in the New Trier area. In New Trier, 6.76% of households rent, and 47.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Trier is $9,013 per month. Households that rent pay about 12.89% of their income on rent here. New Trier’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hampton, MN: less expensive homes
- Miesville, MN: equally priced homes
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- Randolph, MN: equally priced homes
- Cannon Falls, MN: less expensive homes
- Hastings, MN: less expensive homes
- Coates, MN: equally priced homes
- Welch, MN: less expensive homes
- Nininger, MN: equally priced homes
- Stanton, MN: equally priced homes
Cities with Similar Populations
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- Primm Springs, TN: less expensive homes
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