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These days, finding an affordable place to live in the St. Michael area can be challenging. Home prices in St. Michael are now at a median cost of $399,039, higher than the Minnesota average of $345,793.
The average cost of rent is $1,771/mo in St. Michael, primarily driven by the current value of real estate in the St. Michael area. In St. Michael, 10.40% of households rent, and 24.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Michael is $11,031 per month. Households that rent pay about 16.05% of their income on rent here. St. Michael’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Albertville, MN: equally priced homes
- Hanover, MN: higher priced homes
- Rogers, MN: higher priced homes
- Otsego, MN: equally priced homes
- Corcoran, MN: higher priced homes
- Loretto, MN: higher priced homes
- Greenfield, MN: higher priced homes
- Elk River, MN: equally priced homes
- Monticello, MN: less expensive homes
- Rockford, MN: less expensive homes
Cities with Similar Populations
- Cairo, GA: less expensive homes
- Centerville, UT: higher priced homes
- Centerton, AR: equally priced homes
- Celina, TX: higher priced homes
- Cedarburg, WI: equally priced homes
- Cedar Lake, IN: less expensive homes
- Carnegie, PA: less expensive homes
- Cantonment, FL: less expensive homes
- Cambridge, OH: less expensive homes
- Camano Island, WA: higher priced homes
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