The Most Affordable Neighborhoods in Sleepy Eye, MN by Home Value

These days, finding an affordable place to live in the Sleepy Eye area can be challenging. Home prices in Sleepy Eye are now at a median cost of $154,552, lower than the Minnesota average of $345,793.

The average cost of rent is $775/mo in Sleepy Eye, primarily driven by the current value of real estate in the Sleepy Eye area. In Sleepy Eye, 19.92% of households rent, and 43.89% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Sleepy Eye is $6,195 per month. Households that rent pay about 12.52% of their income on rent here. Sleepy Eye’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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