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These days, finding an affordable place to live in the St. Thomas area can be challenging. Home prices in St. Thomas are now at a median cost of $390,728, higher than the Minnesota average of $345,793.
The average cost of rent is $1,320/mo in St. Thomas, primarily driven by the current value of real estate in the St. Thomas area. In St. Thomas, 12.17% of households rent, and 34.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Thomas is $8,855 per month. Households that rent pay about 14.91% of their income on rent here. St. Thomas’s most expensive areas are in the eastern 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.
Nearby Cities
- Le Sueur, MN: less expensive homes
- Jessenland, MN: less expensive homes
- Union Hill, MN: higher priced homes
- Henderson, MN: less expensive homes
- Heidelberg, MN: equally priced homes
- Le Center, MN: less expensive homes
- Belle Plaine, MN: less expensive homes
- Blakeley, MN: higher priced homes
- St. Patrick, MN: equally priced homes
- Montgomery, MN: less expensive homes
Cities with Similar Populations
- Kelayres, PA: less expensive homes
- Longtown, TN: less expensive homes
- Loco, OK: less expensive homes
- Little Pine, MN: less expensive homes
- Lee Vining, CA: equally priced homes
- Lakewood Township, IL: less expensive homes
- Lake Poinsett, SD: less expensive homes
- Lake Huntington, NY: less expensive homes
- La Grange, WY: less expensive homes
- Koonsville, PA: less expensive homes
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