The Most Affordable Neighborhoods in Waite Park, Minneapolis, MN by Home Value

 

Waite Park, Minneapolis, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Waite Park area can be challenging. Home prices in Waite Park are now at a median cost of $327,497, lower than the Minneapolis average of $397,223.

The average cost of rent is $1,777/mo in Waite Park, primarily driven by the current value of real estate in the Waite Park area. In Waite Park, 9.51% of households rent, and 22.87% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Waite Park is $10,405 per month. Households that rent pay about 17.08% of their income on rent here. Waite Park’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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