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These days, finding an affordable place to live in the Royalton area can be challenging. Home prices in Royalton are now at a median cost of $289,921, lower than the Minnesota average of $345,793.
The average cost of rent is $769/mo in Royalton, primarily driven by the current value of real estate in the Royalton area. In Royalton, 16.80% of households rent, and 40.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Royalton is $7,208 per month. Households that rent pay about 10.67% of their income on rent here. Royalton’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Prairie, MN: equally priced homes
- Rice, MN: equally priced homes
- Darling, MN: higher priced homes
- Bowlus, MN: less expensive homes
- Opole, MN: higher priced homes
- St. Stephen, MN: higher priced homes
- Genola, MN: equally priced homes
- Sobieski, MN: equally priced homes
- Little Falls, MN: less expensive homes
- Elmdale, MN: less expensive homes
Cities with Similar Populations
- Forest Heights, MD: higher priced homes
- New Johnsonville, TN: less expensive homes
- Stockport, OH: less expensive homes
- Tannersville, PA: equally priced homes
- Tennessee Ridge, TN: less expensive homes
- Wadley, GA: less expensive homes
- Washington Park, IL: less expensive homes
- Wellman, IA: less expensive homes
- Independence, WI: less expensive homes
- Idaho Springs, CO: higher priced homes
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