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Affordable
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These days, finding an affordable place to live in the Solway area can be challenging. Home prices in Solway are now at a median cost of $218,231, lower than the Minnesota average of $345,793.
The average cost of rent is $928/mo in Solway, primarily driven by the current value of real estate in the Solway area. In Solway, 8.79% of households rent, and 42.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Solway is $6,684 per month. Households that rent pay about 13.88% of their income on rent here. Solway’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilton, MN: higher priced homes
- Shevlin, MN: equally priced homes
- Bemidji, MN: higher priced homes
- Pinewood, MN: higher priced homes
- Lake Itasca, MN: higher priced homes
- Zerkel, MN: equally priced homes
- Bagley, MN: less expensive homes
- Aure, MN: higher priced homes
- Lake George, MN: higher priced homes
- Leonard, MN: higher priced homes
Cities with Similar Populations
- Van Buren, IN: less expensive homes
- Devens, MA: higher priced homes
- Dorneyville, PA: higher priced homes
- Eagletown, OK: less expensive homes
- East Garden City, NY: higher priced homes
- East Millinocket, ME: less expensive homes
- Elbow Lake, MN: less expensive homes
- Elim, GA: higher priced homes
- Fulda, MN: less expensive homes
- Garden City, FL: higher priced homes
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