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These days, finding an affordable place to live in the Wadena area can be challenging. Home prices in Wadena are now at a median cost of $173,067, lower than the Minnesota average of $345,793.
The average cost of rent is $843/mo in Wadena, primarily driven by the current value of real estate in the Wadena area. In Wadena, 34.41% of households rent, and 29.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wadena is $5,110 per month. Households that rent pay about 16.49% of their income on rent here. Wadena’s most expensive areas are in the northwestern 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.
Nearby Cities
- Bluffton, MN: higher priced homes
- Hewitt, MN: equally priced homes
- Verndale, MN: higher priced homes
- Deer Creek, MN: higher priced homes
- Aldrich, MN: higher priced homes
- Wrightstown, MN: higher priced homes
- Sebeka, MN: equally priced homes
- New York Mills, MN: higher priced homes
- Bertha, MN: less expensive homes
- Heinola, MN: higher priced homes
Cities with Similar Populations
- Seabeck, WA: higher priced homes
- Golden Triangle, NJ: higher priced homes
- Goodland, KS: less expensive homes
- Goodview, VA: higher priced homes
- Grafton, WV: less expensive homes
- Greendale, IN: higher priced homes
- Grimesland, NC: equally priced homes
- Grover, NC: equally priced homes
- Guerneville, CA: higher priced homes
- Halifax, VA: equally priced homes
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