Minnesota, known as the “Land of 10,000 Lakes,” is a vibrant state in the upper Midwest. From its bustling cities with theaters and museums to its natural wonders like Lake Superior and Superior National Forest, Minnesota offers a diverse range of attractions. If you are considering making Minnesota your home, it’s essential to find a city that fits your budget. The median home sale price in Minnesota is $354,200.
To help you find an affordable place to live in Minnesota, Redfin has compiled a list of 8 cities with median home sale prices below $354,200. From St. Paul to Duluth, let’s explore these budget-friendly options.
#1: St. Cloud
Median home price: $270,000
Average sale price per square foot: $134
Average rent for a 1-bedroom apartment: $923
Median household income: $50,335
Nearest major metro: Minneapolis (70 miles)
St. Cloud tops our list with a median home sale price of $270,000. This city is home to around 68,900 residents and is located about 70 miles from Minneapolis. Explore attractions like Munsinger Gardens and St. Cloud State University campus when considering a move to St. Cloud.
#2: St. Paul
Median home price: $296,000
Average sale price per square foot: $200
Average rent for a 1-bedroom apartment: $1,462
Median household income: $59,717
Nearest major metro: Minneapolis (12 miles)
St. Paul takes the second spot on our list with a median home price of $296,000. This city, with a population of 311,500, offers attractions like the Minnesota State Capitol and the Mississippi River. Explore landmarks like the Landmark Center and enjoy fresh produce at the St. Paul Farmers Market.
#3: Duluth
Median home price: $310,000
Average sale price per square foot: $187
Average rent for a 1-bedroom apartment: $1,405
Median household income: $54,084
Nearest major metro: Minneapolis (155 miles)
Duluth, with a median home price of $310,000, is a charming city with about 86,700 residents. Enjoy attractions like Glensheen Mansion, Lake Superior Zoo, and the scenic North Shore drive when living in Duluth.
#4: Rochester
Median home price: $335,000
Average sale price per square foot: $174
Average rent for a 1-bedroom apartment: $1,544
Median household income: $59,717
Nearest major metro: St. Paul (80 miles)
Rochester, with a median home price of $335,000, is a southern city with about 121,400 residents. Explore historic sites like the History Center of Olmsted County and outdoor attractions like Quarry Hill Nature Center when living in Rochester.
#5: Coon Rapids
Median home price: $339,950
Average sale price per square foot: $192
Average rent for a 1-bedroom apartment: $1,539
Median household income: $59,717
Nearest major metro: Minneapolis (16 miles)
Coon Rapids, located just north of Minneapolis, offers affordable living with a median home price of $339,950. With 63,600 residents, this town is perfect for exploring Coon Rapids Dam Regional Park and Crooked Lake.
#6: Minneapolis
Median home price: $340,000
Average sale price per square foot: $230
Average rent for a 1-bedroom apartment: $1,579
Median household income: $66,068
Minneapolis, the other half of the Twin Cities, offers a median home price of $340,000. With a population of 429,900, this city is rich in cultural attractions like the Minneapolis Farmers Market, museums, and outdoor activities at Chain of Lakes and Stone Arch Bridge.
#7: Brooklyn Park
Median home price: $345,000
Average sale price per square foot: $179
Average rent for a 1-bedroom apartment: $1,114
Median household income: $73,207
Nearest major metro: Minneapolis (11 miles)
Brooklyn Park, with a median home price of $345,000, is a city with about 86,500 residents. Explore parks and outdoor spaces like Mississippi Gateway Regional Park when living in Brooklyn Park.
#8: Burnsville
Median home price: $350,000
Average sale price per square foot: $173
Average rent for a 1-bedroom apartment: $1,544
Median household income: $76,017
Nearest major metro: Minneapolis (17 miles)
Burnsville, the final city on our list, offers a median home price of $350,000. With a population of 64,300, this city south of the Twin Cities provides opportunities to enjoy Crystal Lake, Black Dog Trail, and the Minnesota Zoo.
Methodology: All cities considered have over 50,000 residents according to the US Census Bureau and median home sale prices below the state average. Data is sourced from the Redfin Data Center for home prices, Rent.com for rental prices, and the United States Census Bureau for population and income figures.