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Affordable
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These days, finding an affordable place to live in the Waconia area can be challenging. Home prices in Waconia are now at a median cost of $432,892, higher than the Minnesota average of $345,793.
The average cost of rent is $1,632/mo in Waconia, primarily driven by the current value of real estate in the Waconia area. In Waconia, 19.59% of households rent, and 24.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waconia is $10,232 per month. Households that rent pay about 15.95% of their income on rent here. Waconia’s most expensive areas are in the northwestern 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
- Cologne, MN: equally priced homes
- St. Bonifacius, MN: equally priced homes
- Norwood, MN: equally priced homes
- Mayer, MN: less expensive homes
- Victoria, MN: higher priced homes
- Young America, MN: equally priced homes
- Minnetrista, MN: higher priced homes
- Norwood Young America, MN: less expensive homes
- Watertown, MN: less expensive homes
- Chaska, MN: equally priced homes
Cities with Similar Populations
- Suffern, NY: higher priced homes
- Dunmore, PA: less expensive homes
- Durham, NH: higher priced homes
- Eagle Point, OR: equally priced homes
- East Bridgewater, MA: higher priced homes
- Eaton Rapids, MI: less expensive homes
- Edgewater, MD: higher priced homes
- Edgewood, WA: higher priced homes
- Englewood, OH: less expensive homes
- St. Simons, GA: higher priced homes
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