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Affordable
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These days, finding an affordable place to live in the Steele Center area can be challenging. Home prices in Steele Center are now at a median cost of $303,517, lower than the Minnesota average of $345,793.
The average cost of rent is $1,283/mo in Steele Center, primarily driven by the current value of real estate in the Steele Center area. In Steele Center, 6.79% of households rent, and 44.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Steele Center is $8,227 per month. Households that rent pay about 15.60% of their income on rent here. Steele Center’s most expensive areas are in the western 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
- Litomysl, MN: equally priced homes
- Hope, MN: less expensive homes
- Pratt, MN: higher priced homes
- Owatonna, MN: less expensive homes
- Summit, MN: equally priced homes
- Havana, MN: higher priced homes
- Ellendale, MN: less expensive homes
- Meriden, MN: equally priced homes
- Vista, MN: equally priced homes
- Geneva, MN: less expensive homes
Cities with Similar Populations
- Shelby Gap, KY: less expensive homes
- Lochiel, IN: less expensive homes
- Lonepine, MT: less expensive homes
- Lookout, CA: less expensive homes
- Ludlow, MO: less expensive homes
- Lutesville, MO: less expensive homes
- Maidstone, VT: less expensive homes
- Sartinsville, MS: less expensive homes
- Sharon, NH: higher priced homes
- Sheep Ranch, CA: higher priced homes
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