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

 

Waite Park, 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 $194,649, lower than the Minnesota average of $269,934.

The average cost of rent is $930/mo in Waite Park, primarily driven by the current value of real estate in the Waite Park area. While nearly 38.18% of residents own their homes outright in Waite Park, 53.21% rent.

Housing affordability isn’t just about home prices, though. The average household income in Waite Park is $3,740 per month. Households that rent pay about 24.86% of their income on rent here. Waite Park's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.


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