Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wells area can be challenging. Home prices in Wells are now at a median cost of $102,409, lower than the Minnesota average of $269,934.
The average cost of rent is $596/mo in Wells, primarily driven by the current value of real estate in the Wells area. While nearly 53.49% of residents own their homes outright in Wells, 20.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wells is $4,285 per month. Households that rent pay about 13.90% of their income on rent here. Wells's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Freeborn, MN: higher priced homes
- Brush Creek, MN: higher priced homes
- Walters, MN: higher priced homes
- Minnesota Lake, MN: higher priced homes
- Easton, MN: higher priced homes
- Alden, MN: higher priced homes
- Armstrong, MN: higher priced homes
- Bricelyn, MN: less expensive homes
- Waldorf, MN: higher priced homes
- Hartland, MN: higher priced homes
Cities with Similar Populations
- Wynnewood, OK: equally priced homes
- Beech Bluff, TN: higher priced homes
- Bryant, AL: higher priced homes
- Bushnell, IL: less expensive homes
- Cooper, TX: less expensive homes
- Epworth, IA: higher priced homes
- Felicity, OH: higher priced homes
- Kenansville, NC: less expensive homes
- Hazen, ND: higher priced homes
- Kenhorst, PA: higher priced homes
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