Similar to other places in this area, it is a bit less expensive compared to the rest of the country. However it's substantially less expensive compared to the city of Minneapolis.
Home prices
Nicollet's median home cost is $162,200. It is about $4,420 (2%) lower in comparison to nearby areas.It is roughly $55,300 (25%) lower compared to the United States as a whole, and in comparison to the city of Minneapolis is roughly $89,400 (35%) lower.
Rents
Nicollet's median monthly rent is $742. This is about $48 (6%) lower in comparison to its surrounding areas.Compared to the nation as a whole it is about $320 (30%) lower, and it is approximately $285 (27%) lower in comparison to the city of Minneapolis.
Nearby places
Courtland
Courtland is roughly 6 miles west of Nicollet. The housing prices there are a little more expensive. The price of the median home in Courtland is $194,800, which works out to $32,600 (16%) higher than Nicollet. Rent there is a bit more expensive. The median rent in Courtland is $915 a month, which comes out to $173 (18%) higher than Nicollet.
North Mankato
North Mankato is roughly 8 miles southeast of Nicollet. Real estate prices there are a bit more expensive. The median home in North Mankato costs $193,400, which works out to $31,200 (16%) higher than Nicollet. The rent there is somewhat more expensive. North Mankato's median monthly rent is $818, which works out to $76 (9%) higher than Nicollet.
Kasota
Kasota is roughly 9 miles east from Nicollet. Its real estate prices are substantially less expensive. The median home in Kasota costs $121,500, which comes out to $40,700 (33%) lower than Nicollet. Its rents are a little less expensive. The median monthly rent in Kasota is $638, which is $104 (16%) lower than Nicollet.
St. Peter
St. Peter is roughly 9 miles east of Nicollet. Its housing prices are pretty similar. The median home in St. Peter costs $170,200, which works out to $8,000 (4%) higher than Nicollet. Rent there is a bit more expensive. In St. Peter the median monthly rent is $861, which works out to $119 (13%) higher than Nicollet.
Lake Crystal
Lake Crystal is approximately 10 miles south from Nicollet. Its housing prices are a bit less expensive. The median home in Lake Crystal costs $153,200, which works out to $9,000 (5%) lower than Nicollet. Rent there is similar. Lake Crystal's median monthly rent is $719, which works out to $23 (3%) lower than Nicollet.
