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Affordable
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These days, finding an affordable place to live in the Pequot Lakes area can be challenging. Home prices in Pequot Lakes are now at a median cost of $349,813, higher than the Minnesota average of $345,793.
The average cost of rent is $1,060/mo in Pequot Lakes, primarily driven by the current value of real estate in the Pequot Lakes area. In Pequot Lakes, 22.47% of households rent, and 46.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pequot Lakes is $6,559 per month. Households that rent pay about 16.16% of their income on rent here. Pequot Lakes’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jenkins, MN: less expensive homes
- Breezy Point, MN: equally priced homes
- Nisswa, MN: higher priced homes
- Lake Shore, MN: higher priced homes
- Merrifield, MN: higher priced homes
- Pine River, MN: less expensive homes
- Crosslake, MN: higher priced homes
- Woodrow, MN: less expensive homes
- Lake Hubert, MN: equally priced homes
- Chickamaw Beach, MN: less expensive homes
Cities with Similar Populations
- Bahama, NC: higher priced homes
- Yale, MI: less expensive homes
- Wray, CO: less expensive homes
- Winfield, PA: less expensive homes
- Willard, NC: less expensive homes
- Wedgefield, SC: less expensive homes
- Thayer, MO: less expensive homes
- Penbrook, PA: less expensive homes
- Patillo, GA: equally priced homes
- Otto, NC: less expensive homes
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