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These days, finding an affordable place to live in the Taconite area can be challenging. Home prices in Taconite are now at a median cost of $167,506, lower than the Minnesota average of $345,793.
The average cost of rent is $956/mo in Taconite, primarily driven by the current value of real estate in the Taconite area. In Taconite, 18.48% of households rent, and 46.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Taconite is $5,691 per month. Households that rent pay about 16.80% of their income on rent here. Taconite’s most expensive areas are in the southeastern 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
- Bovey, MN: higher priced homes
- Marble, MN: less expensive homes
- Coleraine, MN: higher priced homes
- Calumet, MN: higher priced homes
- La Prairie, MN: higher priced homes
- Pengilly, MN: higher priced homes
- Grand Rapids, MN: higher priced homes
- Nashwauk, MN: equally priced homes
- Cohasset, MN: higher priced homes
- Warba, MN: higher priced homes
Cities with Similar Populations
- Theressa, FL: higher priced homes
- Edwardsville, AL: equally priced homes
- Eldean, OH: higher priced homes
- Ellard, MS: equally priced homes
- Elmwood Park, WI: higher priced homes
- Emberson, TX: higher priced homes
- Faith, SD: higher priced homes
- Sterling, PA: higher priced homes
- Sullivan, NH: higher priced homes
- Summit Lake, WI: higher priced homes
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