Much like the surrounding areas, it is significantly more expensive compared to the entire country. It is substantially more expensive even compared to the city of Minneapolis.
Home prices
The median home in Mahtomedi costs $338,600. Compared to other places in this area it is is very similar.It is roughly $121,100 (55%) higher compared to the rest of the nation, and compared to the city of Minneapolis it is roughly $87,000 (34%) higher.
Rents
Mahtomedi's median rent is $1,216 per month. This is is very similar in comparison to the surrounding areas.It is about $154 (14%) higher in comparison to the entire country, and compared to the city of Minneapolis it is roughly $189 (18%) higher.
Nearby places
Birchwood Village
Birchwood Village is Mahtomedi's neighbor to the west. Housing prices there are fairly similar. Birchwood Village's median home value is $346,900, which is $8,300 (2%) higher than Mahtomedi. Rent there is a little less expensive. In Birchwood Village the median monthly rent is $1,100, which is $116 (10%) lower than Mahtomedi.
Willernie
Willernie is Mahtomedi's neighbor to the southeast. Housing prices there are substantially less expensive. Willernie's median home cost is $183,800, which comes out to $154,800 (84%) lower than Mahtomedi. The rent there is fairly similar. The median rent in Willernie is $1,227 per month, which is very similar to Mahtomedi.
White Bear Lake
White Bear Lake is Mahtomedi's neighbor to the west. Housing prices there are substantially less expensive. White Bear Lake's median home value is $226,000, which works out to $112,600 (49%) lower than Mahtomedi. Its rents are somewhat less expensive. The median rent in White Bear Lake is $1,134 a month, which is $82 (7%) lower than Mahtomedi.
Dellwood
Dellwood is Mahtomedi's neighbor to the north. Real estate prices there are significantly more expensive. Dellwood's median home cost is $616,300, which is $277,700 (45%) higher than Mahtomedi. Its rents are a little less expensive. Dellwood's median monthly rent is $1,125, which works out to $91 (8%) lower than Mahtomedi.
Gem Lake
Gem Lake is roughly 3 miles west of Mahtomedi. Housing prices there are fairly similar. The median home in Gem Lake costs $331,700, which is $6,900 (2%) lower than Mahtomedi. Its rents are somewhat more expensive. Gem Lake's median monthly rent is $1,536, which comes out to $320 (20%) higher than Mahtomedi.
