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These days, finding an affordable place to live in the Nicollet area can be challenging. Home prices in Nicollet are now at a median cost of $283,443, lower than the Minnesota average of $345,793.
The average cost of rent is $1,176/mo in Nicollet, primarily driven by the current value of real estate in the Nicollet area. In Nicollet, 22.75% of households rent, and 41.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nicollet is $7,815 per month. Households that rent pay about 15.05% of their income on rent here. Nicollet’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oshawa, MN: higher priced homes
- Judson, MN: equally priced homes
- Courtland, MN: equally priced homes
- Traverse, MN: equally priced homes
- North Mankato, MN: equally priced homes
- St. Peter, MN: equally priced homes
- Klossner, MN: equally priced homes
- Kasota, MN: higher priced homes
- Lake Crystal, MN: less expensive homes
- Skyline, MN: higher priced homes
Cities with Similar Populations
- Ambrose, GA: less expensive homes
- Worley, ID: higher priced homes
- Terlton, OK: less expensive homes
- Beavertown, PA: less expensive homes
- Biola, CA: equally priced homes
- Blacksher, AL: less expensive homes
- Burlingame, KS: less expensive homes
- Chula, GA: less expensive homes
- Church Hill, MD: higher priced homes
- Walden, TN: higher priced homes
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