Home prices
The median home value in Spirit Lake is $156,300. In comparison to its nearby areas this is roughly $207,940 (57%) lower.It is roughly $61,200 (28%) lower compared to the entire nation, and compared to the city of Mankato it is approximately $23,100 (12%) lower.
Rents
Spirit Lake's median rent is $848 a month. It is approximately $319 (27%) lower in comparison to its surrounding areas.In comparison to the rest of the country it is about $214 (20%) lower, and it is approximately $51 (5%) lower in comparison to the city of Mankato.
Nearby places
Okoboji
Okoboji is Spirit Lake's neighbor to the southwest. Its housing prices are substantially more expensive. The median home price in Okoboji is $333,700, which comes out to $177,400 (53%) higher than Spirit Lake. Rent there is somewhat more expensive. In Okoboji the median rent is $974 a month, which works out to $126 (12%) higher than Spirit Lake.
Orleans
Orleans is Spirit Lake's neighbor to the north. Its real estate prices are substantially more expensive. The price of the median home in Orleans is $387,500, which works out to $231,200 (59%) higher than Spirit Lake. Rents there are somewhat more expensive. In Orleans the median monthly rent is $933, which works out to $85 (9%) higher than Spirit Lake.
Arnolds Park
Arnolds Park is roughly 3 miles south of Spirit Lake. The real estate prices there are a little more expensive. Arnolds Park's median home cost is $225,000, which comes out to $68,700 (30%) higher than Spirit Lake. Rent there is fairly similar. The median rent in Arnolds Park is $844 per month, which is very similar to Spirit Lake.
Wahpeton
Wahpeton is approximately 3 miles southwest of Spirit Lake. Its housing prices are significantly more expensive. The median home in Wahpeton costs $350,000, which works out to $193,700 (55%) higher than Spirit Lake. Rent there is a lot more expensive. Wahpeton's median rent is $1,458 per month, which works out to $610 (41%) higher than Spirit Lake.
West Okoboji
West Okoboji is about 4 miles southwest of Spirit Lake. The housing prices there are a lot more expensive. The median home in West Okoboji costs $525,000, which comes out to $368,700 (70%) higher than Spirit Lake. Rent there is substantially more expensive. In West Okoboji the median monthly rent is $1,625, which is $777 (47%) higher than Spirit Lake.
