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Affordable
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These days, finding an affordable place to live in the Truman area can be challenging. Home prices in Truman are now at a median cost of $129,998, lower than the Minnesota average of $345,793.
The average cost of rent is $1,027/mo in Truman, primarily driven by the current value of real estate in the Truman area. In Truman, 31.38% of households rent, and 45.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Truman is $5,634 per month. Households that rent pay about 18.23% of their income on rent here. Truman’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Northrop, MN: higher priced homes
- Lewisville, MN: higher priced homes
- South Branch, MN: higher priced homes
- Willow Creek, MN: higher priced homes
- Granada, MN: higher priced homes
- Huntley, MN: higher priced homes
- Ormsby, MN: higher priced homes
- Fairmont, MN: higher priced homes
- Imogene, MN: higher priced homes
- Winnebago, MN: equally priced homes
Cities with Similar Populations
- Amana, IA: higher priced homes
- Zanesville, IN: higher priced homes
- Verplanck, NY: higher priced homes
- Urbandale, MI: higher priced homes
- Trout, LA: higher priced homes
- Cadwell, GA: higher priced homes
- Byron, CA: higher priced homes
- Bullock, NC: higher priced homes
- Brooklyn, MS: higher priced homes
- Bradley, ME: higher priced homes
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