Home prices
The price of the median home in Wells is $83,800. It is about $5,220 (6%) higher in comparison to the surrounding areas.Compared to the rest of the country it is about $133,700 (61%) lower, and is roughly $167,800 (66%) lower compared to the city of Minneapolis.
Rents
Wells's median rent is $604 per month. Compared to nearby areas this is approximately $27 (4%) lower.In comparison to the country as a whole it is about $458 (43%) lower, and is about $423 (41%) lower compared to the city of Minneapolis.
Nearby places
Freeborn
Freeborn is roughly 7 miles east of Wells. Real estate prices there are a lot less expensive. Freeborn's median home value is $55,900, which is $27,900 (49%) lower than Wells. Rent there is somewhat more expensive. Freeborn's median rent is $760 per month, which is $156 (20%) higher than Wells.
Minnesota Lake
Minnesota Lake is approximately 7 miles northwest of Wells. Housing prices there are a bit more expensive. The median home cost in Minnesota Lake is $105,000, which works out to $21,200 (20%) higher than Wells. Rents there are similar. Minnesota Lake's median monthly rent is $608, which is very similar to Wells.
Alden
Alden is about 8 miles southeast of Wells. Housing prices there are somewhat more expensive. Alden's median home cost is $92,000, which comes out to $8,200 (8%) higher than Wells. Rents there are a little more expensive. The median monthly rent in Alden is $642, which is $38 (5%) higher than Wells.
Hartland
Hartland is approximately 11 miles east of Wells. Its real estate prices are pretty similar. The median home cost in Hartland is $80,000, which works out to $3,800 (4%) lower than Wells. Rent there is a lot less expensive. In Hartland the median rent is $447 a month, which is $157 (35%) lower than Wells.
Conger
Conger is roughly 11 miles southeast of Wells. The housing prices there are a lot less expensive. The value of the median home in Conger is $60,000, which is $23,800 (39%) lower than Wells. Rents there are a bit more expensive. In Conger the median monthly rent is $700, which works out to $96 (13%) higher than Wells.
