Home Price Key
Affordable
Average
Expensive
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 $244,249, lower than the Minnesota average of $269,934.
The average cost of rent is $731/mo in Peterson, primarily driven by the current value of real estate in the Peterson area. While nearly 42.68% of residents own their homes outright in Peterson, 9.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peterson is $5,901 per month. Households that rent pay about 12.39% of their income on rent here. Peterson's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Rushford Village, MN: less expensive homes
- Rushford, MN: less expensive homes
- Whalan, MN: equally priced homes
- Lanesboro, MN: less expensive homes
- South Rushford, MN: less expensive homes
- Fremont, MN: less expensive homes
- Troy, MN: equally priced homes
- Yucatan, MN: less expensive homes
- Wyattville, MN: less expensive homes
- Tawney, MN: less expensive homes
Cities with Similar Populations
- Emigrant, MT: higher priced homes
- Wahkon, MN: less expensive homes
- Vriesland, MI: equally 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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