The Most Affordable Neighborhoods in South Branch, MN by Home Value

These days, finding an affordable place to live in the South Branch area can be challenging. Home prices in South Branch are now at a median cost of $163,779, lower than the Minnesota average of $345,793.

The average cost of rent is $886/mo in South Branch, primarily driven by the current value of real estate in the South Branch area. In South Branch, 16.41% of households rent, and 53.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in South Branch is $7,038 per month. Households that rent pay about 12.59% of their income on rent here. South Branch’s most expensive areas are in the northern 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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