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These days, finding an affordable place to live in the New York Mills area can be challenging. Home prices in New York Mills are now at a median cost of $223,288, lower than the Minnesota average of $345,793.
The average cost of rent is $774/mo in New York Mills, primarily driven by the current value of real estate in the New York Mills area. In New York Mills, 24.02% of households rent, and 44.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New York Mills is $5,875 per month. Households that rent pay about 13.17% of their income on rent here. New York Mills’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bluffton, MN: equally priced homes
- Heinola, MN: higher priced homes
- Perham, MN: higher priced homes
- Ottertail, MN: higher priced homes
- Hillview, MN: higher priced homes
- Deer Creek, MN: equally priced homes
- Wadena, MN: less expensive homes
- Sebeka, MN: less expensive homes
- Henning, MN: higher priced homes
- Richville, MN: higher priced homes
Cities with Similar Populations
- Argos, IN: less expensive homes
- Steele, AL: less expensive homes
- Iota, LA: equally priced homes
- Fountaintown, IN: higher priced homes
- Deerfield, NH: higher priced homes
- Cathlamet, WA: higher priced homes
- Beresford, SD: higher priced homes
- Bellaire, MI: higher priced homes
- Beggs, OK: less expensive homes
- Troy, MT: higher priced homes
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