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Affordable
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These days, finding an affordable place to live in the Raymond area can be challenging. Home prices in Raymond are now at a median cost of $217,184, lower than the Minnesota average of $345,793.
The average cost of rent is $832/mo in Raymond, primarily driven by the current value of real estate in the Raymond area. In Raymond, 24.21% of households rent, and 44.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Raymond is $6,813 per month. Households that rent pay about 12.22% of their income on rent here. Raymond’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
- Prinsburg, MN: equally priced homes
- Clara City, MN: less expensive homes
- Roseland, MN: less expensive homes
- Svea, MN: less expensive homes
- Willmar, MN: equally priced homes
- Blomkest, MN: less expensive homes
- Gluek, MN: higher priced homes
- Kerkhoven, MN: less expensive homes
- Pennock, MN: higher priced homes
- Murdock, MN: equally priced homes
Cities with Similar Populations
- Loretto, KY: less expensive homes
- Rheasville, NC: less expensive homes
- Randall, MN: equally priced homes
- Pine Prairie, LA: less expensive homes
- North Franklin, CT: higher priced homes
- Normalville, PA: less expensive homes
- Newark, MI: higher priced homes
- Natchez, LA: equally priced homes
- Mooers, NY: less expensive homes
- Meade, KS: less expensive homes
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