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These days, finding an affordable place to live in the Proctor area can be challenging. Home prices in Proctor are now at a median cost of $222,616, lower than the Minnesota average of $345,793.
The average cost of rent is $1,190/mo in Proctor, primarily driven by the current value of real estate in the Proctor area. In Proctor, 16.53% of households rent, and 38.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Proctor is $6,797 per month. Households that rent pay about 17.51% of their income on rent here. Proctor’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hermantown, MN: higher priced homes
- Esko, MN: higher priced homes
- Oliver, WI: higher priced homes
- Duluth, MN: higher priced homes
- Superior, WI: less expensive homes
- Thomson, MN: higher priced homes
- Scanlon, MN: equally priced homes
- Four Corners, MN: higher priced homes
- Dewey, WI: higher priced homes
- Itasca, WI: less expensive homes
Cities with Similar Populations
- Cameron, WI: equally priced homes
- Leo, IN: higher priced homes
- Lenox, MA: higher priced homes
- Smith Mills, MA: higher priced homes
- Lee Acres, NM: less expensive homes
- Carefree, AZ: higher priced homes
- Ledgewood, NJ: higher priced homes
- Cape Charles, VA: higher priced homes
- Capac, MI: equally priced homes
- Canton, SD: higher priced homes
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