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Affordable
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These days, finding an affordable place to live in the Sedan area can be challenging. Home prices in Sedan are now at a median cost of $263,692, lower than the Minnesota average of $345,793.
The average cost of rent is $1,281/mo in Sedan, primarily driven by the current value of real estate in the Sedan area. In Sedan, 5.97% of households rent, and 49.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sedan is $6,394 per month. Households that rent pay about 20.04% of their income on rent here. Sedan’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Grove Lake, MN: less expensive homes
- Brooten, MN: less expensive homes
- Terrace, MN: higher priced homes
- Glenwood, MN: equally priced homes
- Villard, MN: less expensive homes
- Westport, MN: less expensive homes
- Long Beach, MN: higher priced homes
- Elrosa, MN: equally priced homes
- Starbuck, MN: less expensive homes
- Belgrade, MN: less expensive homes
Cities with Similar Populations
- East Thermopolis, WY: equally priced homes
- Edray, WV: less expensive homes
- Edmore, ND: less expensive homes
- Edison, NE: less expensive homes
- Edgewater, WI: higher priced homes
- Eckerman, MI: less expensive homes
- Easton, WI: less expensive homes
- East Windsor Hill, CT: higher priced homes
- East Waterford, ME: less expensive homes
- East Union, ME: equally priced homes
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