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These days, finding an affordable place to live in the St. Peter area can be challenging. Home prices in St. Peter are now at a median cost of $294,958, lower than the Minnesota average of $345,793.
The average cost of rent is $1,018/mo in St. Peter, primarily driven by the current value of real estate in the St. Peter area. In St. Peter, 30.30% of households rent, and 40.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Peter is $6,446 per month. Households that rent pay about 15.80% of their income on rent here. St. Peter’s most expensive areas are in the southeastern 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
- Traverse, MN: equally priced homes
- Ottawa, MN: higher priced homes
- Kasota, MN: higher priced homes
- Oshawa, MN: higher priced homes
- Cleveland, MN: higher priced homes
- Le Sueur, MN: equally priced homes
- Marysburg, MN: higher priced homes
- Rush River, MN: higher priced homes
- North Mankato, MN: equally priced homes
- Nicollet, MN: equally priced homes
Cities with Similar Populations
- Weddington, NC: higher priced homes
- Berwyn, PA: higher priced homes
- Bessemer City, NC: less expensive homes
- Bexley, OH: higher priced homes
- Bloomfield, NM: less expensive homes
- Blue Ash, OH: higher priced homes
- Bluffton, IN: less expensive homes
- Bogart, GA: higher priced homes
- Bonham, TX: less expensive homes
- Borger, TX: less expensive homes
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