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These days, finding an affordable place to live in the Orono area can be challenging. Home prices in Orono are now at a median cost of $965,833, higher than the Minnesota average of $345,793.
The average cost of rent is $2,082/mo in Orono, primarily driven by the current value of real estate in the Orono area. In Orono, 9.10% of households rent, and 29.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Orono is $14,440 per month. Households that rent pay about 14.42% of their income on rent here. Orono’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Minnetonka Beach, MN: higher priced homes
- Long Lake, MN: less expensive homes
- Spring Park, MN: less expensive homes
- Mound, MN: less expensive homes
- Tonka Bay, MN: less expensive homes
- Maple Plain, MN: less expensive homes
- Woodland, MN: higher priced homes
- Wayzata, MN: higher priced homes
- Deephaven, MN: equally priced homes
- Greenwood, MN: higher priced homes
Cities with Similar Populations
- Salyersville, KY: less expensive homes
- Livingston, LA: less expensive homes
- Livingston, TN: less expensive homes
- Lochbuie, CO: less expensive homes
- Lockwood, MT: less expensive homes
- Runnemede, NJ: less expensive homes
- Rushville, IN: less expensive homes
- Rutland, MA: less expensive homes
- Salado, TX: less expensive homes
- Salamanca, NY: less expensive homes
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