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These days, finding an affordable place to live in the Zumbro Falls area can be challenging. Home prices in Zumbro Falls are now at a median cost of $379,678, higher than the Minnesota average of $345,793.
The average cost of rent is $1,054/mo in Zumbro Falls, primarily driven by the current value of real estate in the Zumbro Falls area. In Zumbro Falls, 11.37% of households rent, and 43.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Zumbro Falls is $7,891 per month. Households that rent pay about 13.36% of their income on rent here. Zumbro Falls’s most expensive areas are in the southwestern 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
- Hammond, MN: less expensive homes
- Jarrett, MN: less expensive homes
- Mazeppa, MN: less expensive homes
- Millville, MN: less expensive homes
- Potsdam, MN: equally priced homes
- Oronoco, MN: higher priced homes
- Oak Center, MN: less expensive homes
- Bellechester, MN: equally priced homes
- Pine Island, MN: equally priced homes
- Douglas, MN: higher priced homes
Cities with Similar Populations
- Corinth, MI: equally priced homes
- Bray, OK: less expensive homes
- Burr Hill, VA: equally priced homes
- Butte Des Morts, WI: equally priced homes
- Byars, OK: less expensive homes
- Callaway, NE: less expensive homes
- Calvert, KS: less expensive homes
- Cammack Village, AR: less expensive homes
- Cartersburg, IN: equally priced homes
- Casey, IA: less expensive homes
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