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These days, finding an affordable place to live in the Oslo area can be challenging. Home prices in Oslo are now at a median cost of $166,570, lower than the Minnesota average of $345,793.
The average cost of rent is $1,335/mo in Oslo, primarily driven by the current value of real estate in the Oslo area. In Oslo, 11.69% of households rent, and 61.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oslo is $6,521 per month. Households that rent pay about 20.48% of their income on rent here. Oslo’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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