Expensive
Affordable
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These days, finding an affordable place to live in the Schroeder area can be challenging. Home prices in Schroeder are now at a median cost of $331,932, lower than the Minnesota average of $345,793.
The average cost of rent is $1,038/mo in Schroeder, primarily driven by the current value of real estate in the Schroeder area. In Schroeder, 11.24% of households rent, and 52.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Schroeder is $5,173 per month. Households that rent pay about 20.06% of their income on rent here. Schroeder’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Taconite Harbor, MN: equally priced homes
- Little Marais, MN: less expensive homes
- Tofte, MN: equally priced homes
- Murphy City, MN: equally priced homes
- Finland, MN: less expensive homes
- Lutsen, MN: higher priced homes
- Lax Lake, MN: less expensive homes
- Silver Bay, MN: less expensive homes
- Beaver Bay, MN: less expensive homes
- Isabella, MN: equally priced homes
Cities with Similar Populations
- Frisco, MO: less expensive homes
- Three Leagues, TX: equally priced homes
- Thornwood, WV: less expensive homes
- Thomas Mills, PA: less expensive homes
- Thayer, IN: less expensive homes
- Terra, UT: less expensive homes
- Talpa, NM: higher priced homes
- Swett, SD: less expensive homes
- Gip, WV: less expensive homes
- Gilbert, AR: less expensive homes
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