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These days, finding an affordable place to live in the Ponemah area can be challenging. Home prices in Ponemah are now at a median cost of $149,124, lower than the Minnesota average of $345,793.
The average cost of rent is $667/mo in Ponemah, primarily driven by the current value of real estate in the Ponemah area. In Ponemah, 30.20% of households rent, and 89.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ponemah is $3,309 per month. Households that rent pay about 20.15% of their income on rent here. Ponemah’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Saum, MN: higher priced homes
- Redby, MN: less expensive homes
- Red Lake, MN: less expensive homes
- Little Rock, MN: less expensive homes
- Shotley, MN: higher priced homes
- Quiring, MN: higher priced homes
- Nebish, MN: higher priced homes
- Waskish, MN: higher priced homes
- Kelliher, MN: higher priced homes
- Debs, MN: higher priced homes
Cities with Similar Populations
- Champion, MI: higher priced homes
- Webb, MS: less expensive homes
- Waukena, CA: higher priced homes
- Condon, OR: equally priced homes
- College Corner, OH: higher priced homes
- Clay Bank, VA: higher priced homes
- Clarksville City, TX: higher priced homes
- Chelsea, VT: higher priced homes
- Charlotte, AR: equally priced homes
- Weir, TX: higher priced homes
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