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Affordable
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These days, finding an affordable place to live in the Oronoco area can be challenging. Home prices in Oronoco are now at a median cost of $534,032, higher than the Minnesota average of $345,793.
The average cost of rent is $994/mo in Oronoco, primarily driven by the current value of real estate in the Oronoco area. In Oronoco, 15.93% of households rent, and 32.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oronoco is $11,229 per month. Households that rent pay about 8.85% of their income on rent here. Oronoco’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
- Douglas, MN: less expensive homes
- Pine Island, MN: less expensive homes
- Rochester, MN: less expensive homes
- Mazeppa, MN: less expensive homes
- Zumbro Falls, MN: less expensive homes
- Post Town, MN: less expensive homes
- Hammond, MN: less expensive homes
- Byron, MN: less expensive homes
- Potsdam, MN: less expensive homes
- Mantorville, MN: less expensive homes
Cities with Similar Populations
- Indian Springs Village, AL: less expensive homes
- Jamestown, CA: less expensive homes
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- Ivanhoe, CA: less expensive homes
- Ithaca, MI: less expensive homes
- Isle Of Palms, SC: higher priced homes
- Irrigon, OR: less expensive homes
- Iron River, MI: less expensive homes
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