Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Savage area can be challenging. Home prices in Savage are now at a median cost of $346,369, higher than the Minnesota average of $269,934.
The average cost of rent is $1,684/mo in Savage, primarily driven by the current value of real estate in the Savage area. While nearly 20.78% of residents own their homes outright in Savage, 14.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Savage is $10,240 per month. Households that rent pay about 16.45% of their income on rent here. Savage's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Prior Lake, MN: higher priced homes
- Burnsville, MN: less expensive homes
- Bloomington, MN: less expensive homes
- Shakopee, MN: less expensive homes
- Lakeville, MN: equally priced homes
- Apple Valley, MN: less expensive homes
- Eden Prairie, MN: higher priced homes
- Marystown, MN: equally priced homes
- Richfield, MN: less expensive homes
- Edina, MN: higher priced homes
Cities with Similar Populations
- Granger, IN: less expensive homes
- Andover, MN: equally priced homes
- Kaysville, UT: higher priced homes
- Jacksonville, AR: less expensive homes
- Indiana, PA: less expensive homes
- Independence, KY: less expensive homes
- Henderson, KY: less expensive homes
- Helena, MT: less expensive homes
- Happy Valley, OR: higher priced homes
- Greenville, MS: less expensive homes
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