The Most Affordable Neighborhoods in Roosevelt, MN by Home Value

These days, finding an affordable place to live in the Roosevelt area can be challenging. Home prices in Roosevelt are now at a median cost of $173,398, lower than the Minnesota average of $345,793.

The average cost of rent is $1,482/mo in Roosevelt, primarily driven by the current value of real estate in the Roosevelt area. In Roosevelt, 6.93% of households rent, and 54.91% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Roosevelt is $6,702 per month. Households that rent pay about 22.11% of their income on rent here. Roosevelt’s most expensive areas are in the northeastern 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.

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