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These days, finding an affordable place to live in the Round Lake area can be challenging. Home prices in Round Lake are now at a median cost of $189,972, lower than the Minnesota average of $345,793.
The average cost of rent is $761/mo in Round Lake, primarily driven by the current value of real estate in the Round Lake area. In Round Lake, 19.49% of households rent, and 50.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Round Lake is $6,595 per month. Households that rent pay about 11.53% of their income on rent here. Round Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Worthington, MN: higher priced homes
- Harris, IA: less expensive homes
- Lake Park, IA: equally priced homes
- Brewster, MN: equally priced homes
- Ocheyedan, IA: less expensive homes
- Bigelow, MN: less expensive homes
- Okabena, MN: equally priced homes
- Montgomery, IA: higher priced homes
- Allendorf, IA: higher priced homes
- Lakefield, MN: less expensive homes
Cities with Similar Populations
- Elnora, IN: less expensive homes
- Union Pier, MI: higher priced homes
- Uniondale, IN: higher priced homes
- Urbana, IN: less expensive homes
- Valleyview, OH: less expensive homes
- Velda Village Hills, MO: less expensive homes
- Volta, CA: higher priced homes
- Wallen, IN: higher priced homes
- Forkland, AL: less expensive homes
- Forestport, NY: higher priced homes
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