Similar to its nearby areas, it's substantially less expensive compared to the country as a whole. Compared to the city of Mankato, it is a lot less expensive.
Home prices
The median home in Mountain Lake costs $75,100. In comparison to nearby areas this is is very similar.It is roughly $142,400 (65%) lower compared to the nation as a whole, and compared to the city of Mankato is roughly $104,300 (58%) lower.
Rents
In Mountain Lake the median rent is $702 a month. This is approximately $58 (8%) higher compared to nearby areas.In comparison to the entire nation it is roughly $360 (33%) lower, and it is roughly $197 (21%) lower in comparison to the city of Mankato.
Nearby places
Butterfield
Butterfield is roughly 5 miles east of Mountain Lake. The real estate prices there are a bit less expensive. The median home in Butterfield is valued at $59,000, which comes out to $16,100 (27%) lower than Mountain Lake. Rent there is a bit more expensive. In Butterfield the median monthly rent is $788, which is $86 (10%) higher than Mountain Lake.
Windom
Windom is about 9 miles southwest from Mountain Lake. Its real estate prices are a bit more expensive. Windom's median home value is $97,000, which comes out to $21,900 (22%) higher than Mountain Lake. The rent there is a little less expensive. The median rent in Windom is $666 per month, which is $36 (5%) lower than Mountain Lake.
Comfrey
Comfrey is roughly 10 miles north of Mountain Lake. The real estate prices there are a little more expensive. The median home in Comfrey costs $82,000, which comes out to $6,900 (8%) higher than Mountain Lake. The rent there is a little less expensive. Comfrey's median rent is $563 per month, which works out to $139 (24%) lower than Mountain Lake.
St. James
St. James is about 13 miles east of Mountain Lake. Housing prices there are a bit more expensive. The median home in St. James is valued at $82,500, which works out to $7,400 (8%) higher than Mountain Lake. Its rents are somewhat less expensive. St. James's median rent is $640 a month, which works out to $62 (9%) lower than Mountain Lake.
Jeffers
Jeffers is approximately 13 miles northwest of Mountain Lake. Housing prices there are significantly less expensive. The cost of the median home in Jeffers is $52,000, which works out to $23,100 (44%) lower than Mountain Lake. Its rents are a bit less expensive. Jeffers's median monthly rent is $565, which is $137 (24%) lower than Mountain Lake.
