The Most Affordable Neighborhoods in Smiths Mill, MN by Home Value

 

Smiths Mill, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Smiths Mill area can be challenging. Home prices in Smiths Mill are now at a median cost of $319,622, lower than the Minnesota average of $345,793.

The average cost of rent is $864/mo in Smiths Mill, primarily driven by the current value of real estate in the Smiths Mill area. In Smiths Mill, 18.54% of households rent, and 46.48% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Smiths Mill is $8,300 per month. Households that rent pay about 10.40% of their income on rent here. Smiths Mill’s most expensive areas are in the central 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.


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