Similar to its surrounding areas, it's a little less expensive compared to the rest of the nation. Compared to the city of Rochester, it's a little less expensive.
Home prices
Minnesota City's median home price is $150,000. It is approximately $6,920 (4%) lower compared to other places in this area.It is about $67,500 (31%) lower compared to the US as a whole, and in comparison to the city of Rochester is about $50,100 (25%) lower.
Rents
The median monthly rent in Minnesota City is $1,056. Compared to its surrounding areas this is roughly $274 (35%) higher.It is is very similar compared to the nation as a whole, and in comparison to the city of Rochester it is approximately $82 (8%) higher.
Nearby places
Goodview
Goodview is Minnesota City's neighbor to the southeast. The housing prices there are similar. The median home in Goodview is valued at $151,000, which is very similar to Minnesota City. Rent there is significantly less expensive. Goodview's median monthly rent is $771, which comes out to $285 (36%) lower than Minnesota City.
Fountain City
Fountain City is about 2 miles northeast of Minnesota City. Housing prices there are pretty similar. The median home in Fountain City is valued at $155,100, which comes out to $5,100 (3%) higher than Minnesota City. The rent there is a bit less expensive. The median rent in Fountain City is $947 per month, which works out to $109 (11%) lower than Minnesota City.
Rollingstone
Rollingstone is roughly 2 miles west of Minnesota City. Its real estate prices are a little more expensive. The median home in Rollingstone is valued at $166,700, which is $16,700 (10%) higher than Minnesota City. Rents there are substantially less expensive. The median rent in Rollingstone is $675 a month, which comes out to $381 (56%) lower than Minnesota City.
Stockton
Stockton is roughly 4 miles south of Minnesota City. Its housing prices are somewhat more expensive. The median home value in Stockton is $163,000, which comes out to $13,000 (7%) higher than Minnesota City. Rents there are a bit less expensive. The median rent in Stockton is $844 per month, which comes out to $212 (25%) lower than Minnesota City.
Winona
Winona is roughly 4 miles southeast from Minnesota City. Real estate prices there are fairly similar. The median home price in Winona is $148,800, which is very similar to Minnesota City. Rents there are substantially less expensive. The median monthly rent in Winona is $672, which comes out to $384 (57%) lower than Minnesota City.
