Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Welch area can be challenging. Home prices in Welch are now at a median cost of $274,657, higher than the Minnesota average of $269,934.
The average cost of rent is $1,039/mo in Welch, primarily driven by the current value of real estate in the Welch area. While nearly 43.17% of residents own their homes outright in Welch, 14.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Welch is $6,828 per month. Households that rent pay about 15.21% of their income on rent here. Welch's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Miesville, MN: higher priced homes
- Vasa, MN: higher priced homes
- Hager City, WI: equally priced homes
- Red Wing, MN: less expensive homes
- New Trier, MN: higher priced homes
- White Rock, MN: higher priced homes
- Prescott, WI: equally priced homes
- Hastings, MN: higher priced homes
- Esdaile, WI: less expensive homes
- Cannon Falls, MN: equally priced homes
Cities with Similar Populations
- Shively, WV: less expensive homes
- Hancock, MN: less expensive homes
- Herscher, IL: less expensive homes
- Hoagland, IN: less expensive homes
- Howard, OH: less expensive homes
- Hunker, PA: less expensive homes
- Jefferson, AR: less expensive homes
- Konawa, OK: less expensive homes
- La Monte, MO: less expensive homes
- La Rue, OH: less expensive homes
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