Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Phelps area can be challenging. Home prices in Phelps are now at a median cost of $258,094, lower than the Minnesota average of $269,934.
The average cost of rent is $1,007/mo in Phelps, primarily driven by the current value of real estate in the Phelps area. While nearly 46.69% of residents own their homes outright in Phelps, 6.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Phelps is $6,641 per month. Households that rent pay about 15.16% of their income on rent here. Phelps's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Underwood, MN: equally priced homes
- Battle Lake, MN: higher priced homes
- Richville, MN: equally priced homes
- Elizabeth, MN: equally priced homes
- Erhard, MN: less expensive homes
- Fergus Falls, MN: less expensive homes
- Clitherall, MN: equally priced homes
- Dalton, MN: equally priced homes
- Dent, MN: higher priced homes
- Ottertail, MN: equally priced homes
Cities with Similar Populations
- Horse Creek, TN: less expensive homes
- Tabor, MN: less expensive homes
- Sweetwater, OK: less expensive homes
- Summitville, OH: less expensive homes
- Jonesboro, OH: less expensive homes
- Jones, TX: less expensive homes
- Ingersoll, OK: less expensive homes
- Indiantown, MI: less expensive homes
- Imlertown, PA: less expensive homes
- Idamay, WV: less expensive homes
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