The Most Affordable Neighborhoods in Two Harbors, MN by Home Value

 

Two Harbors, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Two Harbors area can be challenging. Home prices in Two Harbors are now at a median cost of $253,071, lower than the Minnesota average of $345,793.

The average cost of rent is $1,143/mo in Two Harbors, primarily driven by the current value of real estate in the Two Harbors area. In Two Harbors, 22.64% of households rent, and 30.27% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Two Harbors is $5,942 per month. Households that rent pay about 19.23% of their income on rent here. Two Harbors’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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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