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These days, finding an affordable place to live in the Tyler area can be challenging. Home prices in Tyler are now at a median cost of $164,476, lower than the Minnesota average of $345,793.
The average cost of rent is $747/mo in Tyler, primarily driven by the current value of real estate in the Tyler area. In Tyler, 20.78% of households rent, and 52.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tyler is $6,117 per month. Households that rent pay about 12.22% of their income on rent here. Tyler’s most expensive areas are in the northwestern 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
- Florence, MN: higher priced homes
- Arco, MN: higher priced homes
- Lake Benton, MN: equally priced homes
- Ruthton, MN: higher priced homes
- Burchard, MN: higher priced homes
- Russell, MN: higher priced homes
- Verdi, MN: equally priced homes
- Holland, MN: higher priced homes
- Balaton, MN: equally priced homes
- Ivanhoe, MN: less expensive homes
Cities with Similar Populations
- Austinville, VA: less expensive homes
- Autaugaville, AL: less expensive homes
- Beauty, KY: less expensive homes
- Beaver, OK: equally priced homes
- Bellefonte, AR: higher priced homes
- Bird Island, MN: higher priced homes
- Blum, TX: higher priced homes
- Bois D Arc, MO: higher priced homes
- Brailey, OH: higher priced homes
- Bremen, KY: less expensive homes
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