Similar to nearby areas, it's significantly less expensive compared to the country as a whole. However it's somewhat less expensive compared to the city of St. Cloud.
Home prices
The price of the median home in Paynesville is $129,400. Compared to its nearby areas it is about $6,300 (4%) lower.It is roughly $88,100 (40%) lower compared to the entire country, and it is roughly $26,100 (16%) lower in comparison to the city of St. Cloud.
Rents
The median rent in Paynesville is $642 per month. Compared to nearby areas it is roughly $60 (8%) lower.It is approximately $420 (39%) lower compared to the country as a whole, and is roughly $160 (19%) lower compared to the city of St. Cloud.
Nearby places
Roscoe
Roscoe is roughly 4 miles northeast from Paynesville. Its real estate prices are somewhat less expensive. The median home in Roscoe is valued at $116,700, which works out to $12,700 (10%) lower than Paynesville. Rent there is a lot more expensive. In Roscoe the median monthly rent is $1,250, which comes out to $608 (48%) higher than Paynesville.
Eden Valley
Eden Valley is approximately 7 miles southeast of Paynesville. Its real estate prices are a bit less expensive. The price of the median home in Eden Valley is $112,200, which works out to $17,200 (15%) lower than Paynesville. Its rents are similar. The median rent in Eden Valley is $641 a month, which is very similar to Paynesville.
St. Martin
St. Martin is about 8 miles north from Paynesville. Housing prices there are similar. The median home in St. Martin costs $130,700, which is very similar to Paynesville. Rents there are substantially less expensive. The median monthly rent in St. Martin is $300, which is $342 (114%) lower than Paynesville.
Richmond
Richmond is approximately 9 miles northeast of Paynesville. Its housing prices are a bit more expensive. The median home in Richmond costs $158,200, which is $28,800 (18%) higher than Paynesville. Rent there is a little less expensive. The median monthly rent in Richmond is $488, which is $154 (31%) lower than Paynesville.
New London
New London is approximately 10 miles southwest from Paynesville. Its real estate prices are somewhat more expensive. The cost of the median home in New London is $160,700, which works out to $31,300 (19%) higher than Paynesville. Rents there are somewhat more expensive. New London's median monthly rent is $832, which works out to $190 (22%) higher than Paynesville.
