Expensive
Affordable
Affordable
Colorblind friendly
off
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 $348,614, higher than the Minnesota average of $345,793.
The average cost of rent is $629/mo in Phelps, primarily driven by the current value of real estate in the Phelps area. In Phelps, 4.80% of households rent, and 50.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Phelps is $7,380 per month. Households that rent pay about 8.52% of their income on rent here. Phelps’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Underwood, MN: equally priced homes
- Battle Lake, MN: equally 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: less expensive 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
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood