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These days, finding an affordable place to live in the Wolf Lake area can be challenging. Home prices in Wolf Lake are now at a median cost of $234,938, lower than the Minnesota average of $345,793.
The average cost of rent is $989/mo in Wolf Lake, primarily driven by the current value of real estate in the Wolf Lake area. In Wolf Lake, 10.44% of households rent, and 45.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wolf Lake is $6,265 per month. Households that rent pay about 15.79% of their income on rent here. Wolf Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Midway, MN: equally priced homes
- Snellman, MN: equally priced homes
- Osage, MN: higher priced homes
- Hillview, MN: higher priced homes
- Menahga, MN: less expensive homes
- Hubbard, MN: higher priced homes
- Frazee, MN: higher priced homes
- Ponsford, MN: equally priced homes
- Park Rapids, MN: higher priced homes
- Perham, MN: higher priced homes
Cities with Similar Populations
- Carroll, NE: equally priced homes
- Colon, NC: equally priced homes
- Cid, NC: less expensive homes
- Churubusco, NY: less expensive homes
- Chloe, WV: less expensive homes
- Chataignier, LA: less expensive homes
- Chambers, NE: less expensive homes
- Center Hill, AR: less expensive homes
- Cedarville, CA: equally priced homes
- Cedar Vale, KS: less expensive homes
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