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 $244,518, lower than the Minnesota average of $269,934.

The average cost of rent is $797/mo in Smiths Mill, primarily driven by the current value of real estate in the Smiths Mill area. While nearly 42.82% of residents own their homes outright in Smiths Mill, 20.41% rent.

Housing affordability isn’t just about home prices, though. The average household income in Smiths Mill is $7,298 per month. Households that rent pay about 10.92% of their income on rent here. Smiths Mill's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.


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