Lake Of The Isles, Minneapolis . The 5 Most Affordable Cities in Minnesota Minnesota living can be affordable if you know where to look. Sometimes the best hideaways are hidden in the least suspecting areas. The two most important things to think about when it comes to being able to afford if you can live comes down to: You need to understand your costs in the context of how much money you make. Median list price: $219,900; 7. Exit Lakes … The Roanoke reservoir was only created in the 1960s, but it already has priced its way up the list, hitting an average waterfront property value of $3.4 million. If you're looking to move into the area, this house just hit the affluent Hunts Point Peninsula market for a mere $45 million. Source: Roger Siljander / shutterstock. Not only is the largest lake in Idaho home to beautiful mountain views, but the quiet setting also attracts buyers looking for a sense of rural-serenity. They are: We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc). So hopefully Hibbing (the cheapest place to live in Minnesota) can show these guys how to live on a budget in the coming years. With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. It’s time for our annual look at how the other half live via the top real estate transactions of the year for Minnesota. Head up north to the Adirondack region in upstate New York, and you'll find the plush-green landscape serving Lake George and "Millionaires Row" - a strip of lakefront that was once home to the "cottages" of the wealthy in the first half of the 20th century. Jamestown, N.Y. These 10 Towns In Minnesota Take The Least Amount Of Your Money. Best Places to Live in Duluth, Minnesota Small-port-city complex - Northeastern Minnesota at western end of Lake Superior. It is right on beautiful Lake Superior one of the great lakes. Population: 9,038Rank Last Year: 14 (Up 4)Home Price To Income Ratio: 3.6x (13th most expensive)Income To Rent Ratio: 67.7x (50th most expensive)More on St. Anthony: Real Estate | Data | Photos. In the Land of 10,000 + Lakes, there are obviously many choices for a lake destination. While $16 million might get you a moderately sized beach house in L.A., in Minnesota, you get a palatial chateau and 1.8 acres on Lake Minnetonka. The most expensive lakefront home market in Michigan is Orchard Lake, which at 795 acres is one of the largest lakes in southeast Michigan's Oakland County. So where is the most expensive place to live in Minnesota? Population: 10,293Rank Last Year: 2 (Down 3)Home Price To Income Ratio: 3.2x (4most expensive)Income To Rent Ratio: 58.6x (13th most expensive)More on Arden Hills: Real Estate | Data | Photos. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Much of Alabama's Lake Martin shorefront is lined with beautiful bluffs and trees. We may earn money from the links on this page. Just 20 minutes outside the hustle and bustle of Minneapolis, lies a small lake town on the quiet edge of Hennepin County, where waterfront homes average $3.13 million. Well, HomeSnacks crunched the numbers and discovered that Little Canada is the most expensive place to live in Minnesota. Topping the list of most affordable cities in the state is Sauk Rapids, with an average listing price of $172,100. Even if you were to forget the fact that there are over 11,000 lakes to explore in Minnesota, that there are 90,000 miles of shoreline, lots of trees, fresh air, and access to some of the country’s best hiking trails, it would be difficult to ignore all of the other benefits that help families to create a way of life here that feels like a throwback to a different era. Port Clinton, Ohio. House prices here are pretty darn steep compared to the national average but on par with other suburbs of Minneapolis; averaging at $404,000 many families would find this suburb something of an aspiration. The median income in St. Anthony comes in at $73,918 and the median home value is $269,300 for 2021. The price tag for a picturesque palace on the lake averages for $2.95 million. East Gull Lake is a city in Cass County, Minnesota, United States.The population was 1,004 at the 2010 census. The human-made lake was originally constructed to help reduce flooding, but now houses properties that average a cool $10.86 million. We aim to deliver bite-sized pieces of infotainment about where you live. The 22-mile sandy beach called Park Point by the locals is a great place to spend the summer. The traditional residence holds five bedrooms, seven full baths, and a … The median income in North Oaks comes in at $178,816 and the median home value is $633,300 for 2021. Population: 53,025Rank Last Year: 4 (Up 2)Home Price To Income Ratio: 3.6x (14th most expensive)Income To Rent Ratio: 67.0x (46th most expensive)More on Minnetonka: Real Estate | Data | Photos. The nearest semi-urban area is that of Brainerd and Baxter.It is part of the Brainerd Micropolitan Statistical Area.East Gull Lake is situated in Central Minnesota's Brainerd Lakes Area and takes its name from the largest lake within its borders, Gull Lake. 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