Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Plato area can be challenging. Home prices in Plato are now at a median cost of $258,062, lower than the Minnesota average of $269,934.
The average cost of rent is $1,023/mo in Plato, primarily driven by the current value of real estate in the Plato area. While nearly 44.04% of residents own their homes outright in Plato, 6.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Plato is $6,940 per month. Households that rent pay about 14.75% of their income on rent here. Plato's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Hamburg, MN: equally priced homes
- Glencoe, MN: less expensive homes
- Young America, MN: higher priced homes
- Norwood Young America, MN: equally priced homes
- Lester Prairie, MN: less expensive homes
- Green Isle, MN: equally priced homes
- New Germany, MN: equally priced homes
- Norwood, MN: higher priced homes
- Mayer, MN: higher priced homes
- Biscay, MN: equally priced homes
Cities with Similar Populations
- Dodge, TX: less expensive homes
- Tsegi, AZ: less expensive homes
- Ehrhardt, SC: less expensive homes
- Economy, IN: less expensive homes
- East Liberty, OH: equally priced homes
- East Corinth, VT: less expensive homes
- Dufur, OR: higher priced homes
- Drumore, PA: equally priced homes
- Dorset, OH: less expensive homes
- Union Star, MO: less expensive homes
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