Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the Rice Lake area can be challenging. Home prices in Rice Lake are now at a median cost of $83,300, lower than the Minnesota average of $269,934.
The average cost of rent is $800/mo in Rice Lake, primarily driven by the current value of real estate in the Rice Lake area. While nearly 67.65% of residents own their homes outright in Rice Lake, 26.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rice Lake is $3,479 per month. Households that rent pay about 22.99% of their income on rent here. Rice Lake's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Roy Lake, MN: higher priced homes
- Pine Bend, MN: higher priced homes
- Mahkonce, MN: higher priced homes
- Zerkel, MN: higher priced homes
- Ebro, MN: higher priced homes
- Bagley, MN: higher priced homes
- Lengby, MN: higher priced homes
- Naytahwaush, MN: higher priced homes
- Shevlin, MN: higher priced homes
- Fosston, MN: higher priced homes
Cities with Similar Populations
- North Pawlet, VT: higher priced homes
- Norcatur, KS: less expensive homes
- Norfield, MS: higher priced homes
- Norman, WA: higher priced homes
- Normantown, WV: less expensive homes
- North Branch, IA: higher priced homes
- North Foster, RI: higher priced homes
- North Franklin, NY: higher priced homes
- North Hillsdale, NY: higher priced homes
- North Holston, VA: less expensive homes
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