The Most Affordable Neighborhoods in Pigeon River, MN by Home Value

 

Pigeon River, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Pigeon River area can be challenging. Home prices in Pigeon River are now at a median cost of $255,700, lower than the Minnesota average of $345,793.

The average cost of rent is $521/mo in Pigeon River, primarily driven by the current value of real estate in the Pigeon River area. In Pigeon River, 15.97% of households rent, and 57.35% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Pigeon River is $5,355 per month. Households that rent pay about 9.73% of their income on rent here. Pigeon River’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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