Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Pratt area can be challenging. Home prices in Pratt are now at a median cost of $339,178, lower than the Minnesota average of $345,793.
The average cost of rent is $1,292/mo in Pratt, primarily driven by the current value of real estate in the Pratt area. In Pratt, 9.07% of households rent, and 43.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pratt is $8,170 per month. Households that rent pay about 15.81% of their income on rent here. Pratt’s most expensive areas are in the northern 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
- Havana, MN: equally priced homes
- Litomysl, MN: equally priced homes
- Steele Center, MN: less expensive homes
- Owatonna, MN: less expensive homes
- Claremont, MN: less expensive homes
- Summit, MN: less expensive homes
- Hope, MN: less expensive homes
- Merton, MN: higher priced homes
- Blooming Prairie, MN: less expensive homes
- Ellendale, MN: less expensive homes
Cities with Similar Populations
- West Sweden, WI: less expensive homes
- West Candor, NY: less expensive homes
- West Caton, NY: less expensive homes
- West Jersey, IL: less expensive homes
- West Leipsic, OH: less expensive homes
- West Middletown, PA: less expensive homes
- West Millgrove, OH: less expensive homes
- West Mount Vernon, ME: less expensive homes
- West Perry, NY: less expensive homes
- West Prairie, WI: less expensive homes
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