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Affordable
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These days, finding an affordable place to live in the Newfolden area can be challenging. Home prices in Newfolden are now at a median cost of $179,992, lower than the Minnesota average of $345,793.
The average cost of rent is $709/mo in Newfolden, primarily driven by the current value of real estate in the Newfolden area. In Newfolden, 11.57% of households rent, and 57.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newfolden is $6,246 per month. Households that rent pay about 11.35% of their income on rent here. Newfolden’s most expensive areas are in the southern 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
- Holt, MN: equally priced homes
- Middle River, MN: less expensive homes
- Viking, MN: higher priced homes
- Strandquist, MN: less expensive homes
- Florian, MN: less expensive homes
- Thief River Falls, MN: higher priced homes
- Karlstad, MN: less expensive homes
- Strathcona, MN: equally priced homes
- St. Hilaire, MN: higher priced homes
- Warren, MN: less expensive homes
Cities with Similar Populations
- Jerusalem, GA: higher priced homes
- Sigel, IL: equally priced homes
- New Park, PA: higher priced homes
- Mount Hope, OH: higher priced homes
- Mount Crested Butte, CO: higher priced homes
- Mound City, MO: less expensive homes
- Morrisonville, IL: less expensive homes
- Milton, TN: higher priced homes
- McGregor, IA: higher priced homes
- Longbranch, WA: higher priced homes
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