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These days, finding an affordable place to live in the Waltham area can be challenging. Home prices in Waltham are now at a median cost of $314,190, lower than the Minnesota average of $345,793.
The average cost of rent is $1,116/mo in Waltham, primarily driven by the current value of real estate in the Waltham area. In Waltham, 4.62% of households rent, and 50.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waltham is $8,639 per month. Households that rent pay about 12.92% of their income on rent here. Waltham’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
- Mayville, MN: equally priced homes
- Hayfield, MN: less expensive homes
- Sargeant, MN: less expensive homes
- Lansing, MN: less expensive homes
- Brownsdale, MN: less expensive homes
- Blooming Prairie, MN: less expensive homes
- Corning, MN: less expensive homes
- Mapleview, MN: less expensive homes
- Nicolville, MN: less expensive homes
- Dexter, MN: less expensive homes
Cities with Similar Populations
- Lawley, AL: less expensive homes
- Roberts, IL: less expensive homes
- Riplinger, WI: less expensive homes
- Locust Hill, VA: equally priced homes
- Littleton, IL: less expensive homes
- Allentown, GA: less expensive homes
- Lima Center, MI: higher priced homes
- Level Land, SC: less expensive homes
- Level Green, PA: higher priced homes
- Leola, SD: less expensive homes
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