Home prices
The value of the median home in Heron Lake is $73,900. In comparison to its surrounding areas it is about $14,520 (16%) lower.In comparison to the entire country it is roughly $143,600 (66%) lower, and in comparison to the city of Willmar is roughly $59,100 (44%) lower.
Rents
In Heron Lake the median monthly rent is $625. It is about $60 (8%) lower in comparison to the surrounding areas.In comparison to the US as a whole it is about $437 (41%) lower, and is approximately $160 (20%) lower compared to the city of Willmar.
Nearby places
Brewster
Brewster is roughly 8 miles southwest from Heron Lake. Housing prices there are somewhat more expensive. The median home in Brewster is valued at $96,300, which is $22,400 (23%) higher than Heron Lake. Rent there is somewhat less expensive. Brewster's median rent is $575 per month, which works out to $50 (8%) lower than Heron Lake.
Windom
Windom is approximately 9 miles northeast of Heron Lake. Housing prices there are a little more expensive. The median home in Windom is valued at $97,000, which works out to $23,100 (23%) higher than Heron Lake. Rents there are somewhat more expensive. Windom's median monthly rent is $666, which works out to $41 (6%) higher than Heron Lake.
Lakefield
Lakefield is roughly 9 miles southeast from Heron Lake. Housing prices there are a bit more expensive. The cost of the median home in Lakefield is $93,000, which is $19,100 (20%) higher than Heron Lake. Rents there are a little more expensive. The median rent in Lakefield is $774 a month, which comes out to $149 (19%) higher than Heron Lake.
Fulda
Fulda is about 12 miles west of Heron Lake. The real estate prices there are a bit more expensive. The median home value in Fulda is $107,000, which is $33,100 (30%) higher than Heron Lake. The rent there is somewhat more expensive. The median rent in Fulda is $833 per month, which comes out to $208 (24%) higher than Heron Lake.
Storden
Storden is approximately 15 miles north of Heron Lake. Housing prices there are substantially less expensive. The value of the median home in Storden is $48,800, which is $25,100 (51%) lower than Heron Lake. Its rents are a little less expensive. The median monthly rent in Storden is $579, which is $46 (7%) lower than Heron Lake.
