Expensive
Affordable
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These days, finding an affordable place to live in the Welcome area can be challenging. Home prices in Welcome are now at a median cost of $166,705, lower than the Minnesota average of $345,793.
The average cost of rent is $862/mo in Welcome, primarily driven by the current value of real estate in the Welcome area. In Welcome, 19.40% of households rent, and 47.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Welcome is $5,339 per month. Households that rent pay about 16.14% of their income on rent here. Welcome’s most expensive areas are in the northern 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
- Sherburn, MN: equally priced homes
- Trimont, MN: less expensive homes
- Fairmont, MN: higher priced homes
- Ceylon, MN: less expensive homes
- Wilbert, MN: higher priced homes
- Northrop, MN: higher priced homes
- Dunnell, MN: less expensive homes
- Ormsby, MN: higher priced homes
- Alpha, MN: equally priced homes
- Granada, MN: equally priced homes
Cities with Similar Populations
- Pirtleville, AZ: less expensive homes
- Monroe City, IN: equally priced homes
- Monument Valley, UT: less expensive homes
- Moores, GA: higher priced homes
- Morton, MN: less expensive homes
- Mount Olive, WV: less expensive homes
- Murry, MO: higher priced homes
- Nixonville, SC: higher priced homes
- Normangee, TX: higher priced homes
- North Haven, NY: higher priced homes
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