Home prices
The median home in Rake is valued at $29,300. It is about $22,600 (43%) lower in comparison to nearby areas.It is about $188,200 (86%) lower compared to the US as a whole, and compared to the city of Mankato it is about $150,100 (83%) lower.
Rents
Rake's median rent is $675 per month. Compared to other places in this area this is roughly $114 (20%) higher.It is about $387 (36%) lower in comparison to the rest of the nation, and compared to the city of Mankato is about $224 (24%) lower.
Nearby places
Buffalo Center
Buffalo Center is roughly 5 miles south of Rake. Its housing prices are substantially more expensive. The value of the median home in Buffalo Center is $64,200, which works out to $34,900 (54%) higher than Rake. Rent there is somewhat less expensive. The median rent in Buffalo Center is $629 per month, which is $46 (7%) lower than Rake.
Frost
Frost is roughly 6 miles north from Rake. The real estate prices there are substantially more expensive. The median home value in Frost is $49,000, which works out to $19,700 (40%) higher than Rake. Its rents are a lot less expensive. The median monthly rent in Frost is $480, which comes out to $195 (40%) lower than Rake.
Bricelyn
Bricelyn is approximately 6 miles northeast of Rake. The housing prices there are somewhat more expensive. The median home in Bricelyn is valued at $41,400, which comes out to $12,100 (29%) higher than Rake. Rents there are somewhat less expensive. The median rent in Bricelyn is $513 per month, which is $162 (31%) lower than Rake.
Elmore
Elmore is roughly 7 miles west from Rake. Its housing prices are a little more expensive. Elmore's median home value is $36,600, which is $7,300 (19%) higher than Rake. Rent there is a lot less expensive. In Elmore the median rent is $492 a month, which comes out to $183 (37%) lower than Rake.
Thompson
Thompson is about 9 miles southeast from Rake. Its real estate prices are a lot more expensive. The median home in Thompson costs $68,300, which comes out to $39,000 (57%) higher than Rake. The rent there is fairly similar. Thompson's median monthly rent is $689, which works out to $14 (2%) higher than Rake.
