Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Roy Lake area can be challenging. Home prices in Roy Lake are now at a median cost of $101,992, lower than the Minnesota average of $269,934.
The average cost of rent is $749/mo in Roy Lake, primarily driven by the current value of real estate in the Roy Lake area. While nearly 66.58% of residents own their homes outright in Roy Lake, 24.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Roy Lake is $3,710 per month. Households that rent pay about 20.20% of their income on rent here. Roy Lake's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Rice Lake, MN: less expensive homes
- Mahkonce, MN: higher priced homes
- Naytahwaush, MN: higher priced homes
- Zerkel, MN: higher priced homes
- Pine Bend, MN: higher priced homes
- Ebro, MN: higher priced homes
- Lengby, MN: higher priced homes
- Bagley, MN: higher priced homes
- Lake Itasca, MN: higher priced homes
- Waubun, MN: higher priced homes
Cities with Similar Populations
- Lerado, KS: less expensive homes
- Las Placitas, NM: higher priced homes
- Laurel Grove, LA: higher priced homes
- Lawrence, AL: higher priced homes
- Lawton, ND: less expensive homes
- Layton, NJ: higher priced homes
- Lazare, TX: higher priced homes
- Lebanon, NE: higher priced homes
- Lebanon, NY: equally priced homes
- Lehman, TX: less expensive homes
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