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These days, finding an affordable place to live in the Twin Lakes area can be challenging. Home prices in Twin Lakes are now at a median cost of $213,111, lower than the Minnesota average of $345,793.
The average cost of rent is $729/mo in Twin Lakes, primarily driven by the current value of real estate in the Twin Lakes area. In Twin Lakes, 5.52% of households rent, and 51.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Twin Lakes is $6,863 per month. Households that rent pay about 10.62% of their income on rent here. Twin Lakes’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Albert Lea, MN: less expensive homes
- Conger, MN: equally priced homes
- Emmons, MN: less expensive homes
- Oakland, MN: less expensive homes
- Glenville, MN: less expensive homes
- Silver Lake, IA: less expensive homes
- Hayward, MN: less expensive homes
- Bancroft, MN: higher priced homes
- Mansfield, MN: less expensive homes
- Armstrong, MN: less expensive homes
Cities with Similar Populations
- Wrightstown, MN: equally priced homes
- Bengal, IN: higher priced homes
- Benson, VT: higher priced homes
- Berea, NE: less expensive homes
- Berlinville, OH: equally priced homes
- Woodburn, IA: higher priced homes
- Woodford, WI: higher priced homes
- Woods Bay, MT: higher priced homes
- Woodville, NC: less expensive homes
- Albion, ID: higher priced homes
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