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These days, finding an affordable place to live in the Soudan area can be challenging. Home prices in Soudan are now at a median cost of $211,659, lower than the Minnesota average of $345,793.
The average cost of rent is $714/mo in Soudan, primarily driven by the current value of real estate in the Soudan area. In Soudan, 13.81% of households rent, and 58.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Soudan is $5,351 per month. Households that rent pay about 13.34% of their income on rent here. Soudan’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
- Tower, MN: higher priced homes
- Winton, MN: higher priced homes
- Embarrass, MN: less expensive homes
- Robinson, MN: higher priced homes
- Adolph, MN: less expensive homes
- Babbitt, MN: less expensive homes
- Colby, MN: equally priced homes
- Ely, MN: equally priced homes
- Idington, MN: equally priced homes
- Pineville, MN: less expensive homes
Cities with Similar Populations
- Natura, OK: less expensive homes
- Pittsboro, MS: less expensive homes
- Pine Crest, CO: higher priced homes
- Pilot View, KY: higher priced homes
- Noorvik, AK: less expensive homes
- Nine Times, SC: higher priced homes
- Newburg, CA: higher priced homes
- New Munich, MN: higher priced homes
- New Ireland, PA: less expensive homes
- New Houlka, MS: less expensive homes
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