Home prices
The median home value in Northfield is $226,000. This is about $36,140 (19%) higher in comparison to the surrounding areas.It is roughly $8,500 (3%) higher compared to the country as a whole, and is approximately $25,600 (10%) lower compared to the city of Minneapolis.
Rents
Northfield's median rent is $825 a month. In comparison to its nearby areas it is approximately $294 (26%) lower.It is about $237 (22%) lower compared to the entire nation, and compared to the city of Minneapolis it is approximately $202 (19%) lower.
Nearby places
Dundas
Dundas is Northfield's neighbor to the southwest. The real estate prices there are a bit less expensive. The value of the median home in Dundas is $209,500, which works out to $16,500 (7%) lower than Northfield. Its rents are somewhat more expensive. The median rent in Dundas is $1,063 per month, which is $238 (22%) higher than Northfield.
Dennison
Dennison is approximately 6 miles southeast of Northfield. The real estate prices there are significantly less expensive. The median home price in Dennison is $165,600, which is $60,400 (36%) lower than Northfield. Rent there is a bit more expensive. The median rent in Dennison is $1,188 per month, which comes out to $363 (30%) higher than Northfield.
Randolph
Randolph is roughly 7 miles northeast of Northfield. Housing prices there are fairly similar. Randolph's median home price is $218,400, which is $7,600 (3%) lower than Northfield. Rent there is somewhat more expensive. Randolph's median rent is $983 a month, which comes out to $158 (16%) higher than Northfield.
Lonsdale
Lonsdale is about 10 miles west of Northfield. Its real estate prices are a little less expensive. The price of the median home in Lonsdale is $202,300, which works out to $23,700 (11%) lower than Northfield. The rent there is a lot more expensive. Lonsdale's median rent is $1,537 per month, which comes out to $712 (46%) higher than Northfield.
Faribault
Faribault is about 10 miles southwest of Northfield. Its housing prices are substantially less expensive. The median home price in Faribault is $153,500, which comes out to $72,500 (47%) lower than Northfield. Its rents are pretty similar. In Faribault the median rent is $822 a month, which is very similar to Northfield.
