Home prices
The median home price in Rice Lake is $209,500. In comparison to nearby areas this is roughly $24,780 (13%) higher.It is about $8,000 (3%) lower in comparison to the entire country, and it is about $46,200 (28%) higher compared to the city of Duluth.
Rents
The median rent in Rice Lake is $1,125 per month. It is about $107 (10%) higher compared to the surrounding areas.It is roughly $63 (5%) higher in comparison to the nation as a whole, and it is about $305 (37%) higher compared to the city of Duluth.
Nearby places
Hermantown
Hermantown is approximately 7 miles southwest from Rice Lake. Real estate prices there are somewhat more expensive. The value of the median home in Hermantown is $238,800, which is $29,300 (12%) higher than Rice Lake. Rents there are fairly similar. In Hermantown the median monthly rent is $1,095, which comes out to $30 (2%) lower than Rice Lake.
Proctor
Proctor is about 10 miles southwest from Rice Lake. Housing prices there are substantially less expensive. The median home cost in Proctor is $147,000, which is $62,500 (42%) lower than Rice Lake. Rents there are a lot less expensive. The median rent in Proctor is $653 a month, which works out to $472 (72%) lower than Rice Lake.
Superior
Superior is roughly 14 miles south of Rice Lake. Its housing prices are somewhat less expensive. The median home price in Superior is $160,300, which comes out to $49,200 (30%) lower than Rice Lake. Rent there is similar. In Superior the median rent is $1,128 per month, which is very similar to Rice Lake.
Esko
Esko is roughly 15 miles southwest of Rice Lake. Housing prices there are somewhat more expensive. The median home in Esko is valued at $222,000, which is $12,500 (5%) higher than Rice Lake. Rents there are somewhat more expensive. The median monthly rent in Esko is $1,292, which is $167 (12%) higher than Rice Lake.
Oliver
Oliver is roughly 15 miles south of Rice Lake. Housing prices there are significantly less expensive. The median home in Oliver is valued at $155,500, which is $54,000 (34%) lower than Rice Lake. The rent there is a bit less expensive. Oliver's median monthly rent is $921, which is $204 (22%) lower than Rice Lake.
