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Affordable
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These days, finding an affordable place to live in the Simpson area can be challenging. Home prices in Simpson are now at a median cost of $400,431, higher than the Minnesota average of $345,793.
The average cost of rent is $1,539/mo in Simpson, primarily driven by the current value of real estate in the Simpson area. In Simpson, 17.41% of households rent, and 39.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Simpson is $7,292 per month. Households that rent pay about 21.11% of their income on rent here. Simpson’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pleasant Grove, MN: equally priced homes
- Golden Hill, MN: equally priced homes
- Marion, MN: equally priced homes
- Stewartville, MN: less expensive homes
- Predmore, MN: equally priced homes
- Rochester, MN: less expensive homes
- Washington, MN: equally priced homes
- Racine, MN: less expensive homes
- Eyota, MN: less expensive homes
- Hamilton, MN: less expensive homes
Cities with Similar Populations
- Buladeen, TN: less expensive homes
- Bangall, NY: equally priced homes
- West Farm, CO: less expensive homes
- Barneston, NE: less expensive homes
- Barnett Crossroads, AL: less expensive homes
- Bartley, WV: less expensive homes
- Bath, IN: less expensive homes
- Buena Vista, NY: less expensive homes
- Bearcreek, MT: equally priced homes
- Bruemmerville, WI: less expensive homes
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