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These days, finding an affordable place to live in the Stockholm area can be challenging. Home prices in Stockholm are now at a median cost of $358,615, higher than the Minnesota average of $345,793.
The average cost of rent is $982/mo in Stockholm, primarily driven by the current value of real estate in the Stockholm area. In Stockholm, 7.47% of households rent, and 43.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stockholm is $8,004 per month. Households that rent pay about 12.27% of their income on rent here. Stockholm’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern 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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