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Affordable
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These days, finding an affordable place to live in the Nielsville area can be challenging. Home prices in Nielsville are now at a median cost of $154,595, lower than the Minnesota average of $345,793.
The average cost of rent is $891/mo in Nielsville, primarily driven by the current value of real estate in the Nielsville area. In Nielsville, 16.29% of households rent, and 55.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nielsville is $5,441 per month. Households that rent pay about 16.38% of their income on rent here. Nielsville’s most expensive areas are in the central 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
- Shelly, MN: less expensive homes
- Climax, MN: higher priced homes
- Caledonia, ND: higher priced homes
- Eldred, MN: higher priced homes
- Taft, ND: higher priced homes
- Buxton, ND: higher priced homes
- Beltrami, MN: equally priced homes
- Halstad, MN: less expensive homes
- Hillsboro, ND: higher priced homes
- Lockhart, MN: less expensive homes
Cities with Similar Populations
- Douglass, SC: less expensive homes
- Tannersville, VA: less expensive homes
- Tanacross, AK: less expensive homes
- Talbot, MI: higher priced homes
- Earlehurst, VA: less expensive homes
- Duvall, IL: higher priced homes
- Dublin, AL: equally priced homes
- Dubbs, MS: less expensive homes
- Drummond, ID: higher priced homes
- Driftwood, PA: less expensive homes
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