Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Peterson area can be challenging. Home prices in Peterson are now at a median cost of $275,059, lower than the Minnesota average of $345,793.
The average cost of rent is $733/mo in Peterson, primarily driven by the current value of real estate in the Peterson area. In Peterson, 8.56% of households rent, and 42.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peterson is $7,184 per month. Households that rent pay about 10.20% of their income on rent here. Peterson’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rushford Village, MN: less expensive homes
- Rushford, MN: less expensive homes
- Whalan, MN: higher priced homes
- Lanesboro, MN: less expensive homes
- South Rushford, MN: equally priced homes
- Fremont, MN: less expensive homes
- Troy, MN: equally priced homes
- Yucatan, MN: less expensive homes
- Wyattville, MN: equally priced homes
- Tawney, MN: less expensive homes
Cities with Similar Populations
- Emigrant, MT: higher priced homes
- Wahkon, MN: equally priced homes
- Vriesland, MI: higher priced homes
- Vista Santa Rosa, CA: higher priced homes
- Virgil, NY: less expensive homes
- Verona, OH: less expensive homes
- Vaughn, AL: less expensive homes
- Union Hill, NC: less expensive homes
- Thorndike, ME: less expensive homes
- Fruitdale, SD: equally priced homes
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