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These days, finding an affordable place to live in the Potsdam area can be challenging. Home prices in Potsdam are now at a median cost of $374,430, higher than the Minnesota average of $345,793.
The average cost of rent is $1,578/mo in Potsdam, primarily driven by the current value of real estate in the Potsdam area. In Potsdam, 18.43% of households rent, and 60.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Potsdam is $8,170 per month. Households that rent pay about 19.32% of their income on rent here. Potsdam’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elgin, MN: less expensive homes
- Hammond, MN: less expensive homes
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- Zumbro Falls, MN: equally priced homes
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- Viola, MN: higher priced homes
- Plainview, MN: less expensive homes
- Oronoco, MN: higher priced homes
- Theilman, MN: less expensive homes
- Rochester, MN: equally priced homes
Cities with Similar Populations
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- Waltonia, CO: higher priced homes
- Wardville, OK: less expensive homes
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