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Affordable
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These days, finding an affordable place to live in the Ranier area can be challenging. Home prices in Ranier are now at a median cost of $217,260, lower than the Minnesota average of $345,793.
The average cost of rent is $639/mo in Ranier, primarily driven by the current value of real estate in the Ranier area. In Ranier, 15.64% of households rent, and 58.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ranier is $6,081 per month. Households that rent pay about 10.50% of their income on rent here. Ranier’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jameson, MN: less expensive homes
- International Falls, MN: less expensive homes
- Island View, MN: higher priced homes
- Ericsburg, MN: less expensive homes
- Pelland, MN: less expensive homes
- Ray, MN: equally priced homes
- Littlefork, MN: less expensive homes
- Loman, MN: less expensive homes
- Manitou, MN: less expensive homes
- Grand Falls, MN: less expensive homes
Cities with Similar Populations
- Reeves Crossing, DE: higher priced homes
- Millville, KY: higher priced homes
- Minersville, WI: less expensive homes
- Molt, MT: higher priced homes
- Moore, IN: equally priced homes
- Mooresville, KY: less expensive homes
- Raybon, GA: less expensive homes
- Raymilton, PA: less expensive homes
- Redwood Lodge, CA: higher priced homes
- Millerstown, KY: less expensive homes
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