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These days, finding an affordable place to live in the Sheldon area can be challenging. Home prices in Sheldon are now at a median cost of $219,634, lower than the Minnesota average of $345,793.
The average cost of rent is $741/mo in Sheldon, primarily driven by the current value of real estate in the Sheldon area. In Sheldon, 18.45% of households rent, and 48.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheldon is $5,408 per month. Households that rent pay about 13.71% of their income on rent here. Sheldon’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Caledonia, MN: less expensive homes
- Yucatan, MN: higher priced homes
- Houston, MN: higher priced homes
- Spring Grove, MN: equally priced homes
- Wilmington, MN: less expensive homes
- Riceford, MN: equally priced homes
- Hokah, MN: higher priced homes
- Freeburg, MN: less expensive homes
- Money Creek, MN: higher priced homes
- South Rushford, MN: higher priced homes
Cities with Similar Populations
- Vann Crossroads, NC: less expensive homes
- Coburg, KY: less expensive homes
- Cody, NE: less expensive homes
- Colony, OK: equally priced homes
- Congo, AL: less expensive homes
- Countsville, WV: less expensive homes
- Crescent, LA: higher priced homes
- Cropsey, IL: less expensive homes
- Utica, OK: less expensive homes
- Vance, MO: equally priced homes
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