Home prices
The value of the median home in Mayer is $232,400. Compared to nearby areas this is approximately $19,540 (9%) higher.In comparison to the entire nation it is roughly $14,900 (6%) higher, and it is roughly $19,200 (7%) lower in comparison to the city of Minneapolis.
Rents
The median rent in Mayer is $986 per month. This is roughly $71 (7%) higher compared to its surrounding areas.It is roughly $76 (7%) lower in comparison to the US as a whole, and is roughly $41 (3%) lower compared to the city of Minneapolis.
Nearby places
New Germany
New Germany is approximately 3 miles west from Mayer. Real estate prices there are substantially less expensive. New Germany's median home price is $150,000, which is $82,400 (54%) lower than Mayer. Rents there are somewhat less expensive. The median monthly rent in New Germany is $783, which is $203 (25%) lower than Mayer.
Waconia
Waconia is approximately 4 miles southeast from Mayer. Housing prices there are a little more expensive. The median home in Waconia costs $303,700, which comes out to $71,300 (23%) higher than Mayer. Rents there are pretty similar. In Waconia the median rent is $962 per month, which works out to $24 (2%) lower than Mayer.
Watertown
Watertown is roughly 5 miles northeast from Mayer. Its real estate prices are a little less expensive. The median home in Watertown costs $208,300, which works out to $24,100 (11%) lower than Mayer. Its rents are significantly less expensive. The median rent in Watertown is $694 a month, which is $292 (42%) lower than Mayer.
St. Bonifacius
St. Bonifacius is about 6 miles east of Mayer. The housing prices there are somewhat more expensive. The value of the median home in St. Bonifacius is $252,500, which comes out to $20,100 (7%) higher than Mayer. Rent there is substantially more expensive. St. Bonifacius's median rent is $1,595 a month, which comes out to $609 (38%) higher than Mayer.
Lester Prairie
Lester Prairie is roughly 6 miles west of Mayer. The housing prices there are substantially less expensive. The median home in Lester Prairie costs $149,800, which works out to $82,600 (55%) lower than Mayer. Rents there are a lot less expensive. The median monthly rent in Lester Prairie is $543, which comes out to $443 (81%) lower than Mayer.
