Similar to nearby areas, it's significantly less expensive compared to the rest of the country. Compared to the city of Duluth however, it's somewhat less expensive.
Home prices
The median home value in Wright is $129,200. This is approximately $4,440 (3%) higher in comparison to its surrounding areas.In comparison to the entire nation it is approximately $88,300 (40%) lower, and compared to the city of Duluth it is about $34,100 (20%) lower.
Rents
In Wright the median rent is $525 per month. Compared to its nearby areas this is roughly $64 (10%) lower.In comparison to the nation as a whole it is roughly $537 (50%) lower, and in comparison to the city of Duluth it is about $295 (35%) lower.
Nearby places
Cromwell
Cromwell is approximately 5 miles east from Wright. Housing prices there are a bit more expensive. The median home in Cromwell is valued at $160,000, which comes out to $30,800 (19%) higher than Wright. The rent there is significantly more expensive. The median rent in Cromwell is $929 a month, which works out to $404 (43%) higher than Wright.
Kettle River
Kettle River is about 12 miles southeast from Wright. The real estate prices there are somewhat less expensive. The median home cost in Kettle River is $98,800, which works out to $30,400 (30%) lower than Wright. Rents there are significantly more expensive. Kettle River's median rent is $850 a month, which works out to $325 (38%) higher than Wright.
McGregor
McGregor is roughly 12 miles west of Wright. Its real estate prices are a lot less expensive. The median home cost in McGregor is $85,000, which works out to $44,200 (52%) lower than Wright. Rents there are somewhat more expensive. In McGregor the median monthly rent is $593, which comes out to $68 (11%) higher than Wright.
Big Lake
Big Lake is about 15 miles east from Wright. The real estate prices there are significantly more expensive. Big Lake's median home cost is $200,000, which comes out to $70,800 (35%) higher than Wright. Rent there is substantially less expensive. In Big Lake the median monthly rent is $104, which comes out to $421 (404%) lower than Wright.
Floodwood
Floodwood is approximately 15 miles north from Wright. Its real estate prices are substantially less expensive. The cost of the median home in Floodwood is $80,000, which comes out to $49,200 (61%) lower than Wright. Its rents are a little less expensive. In Floodwood the median rent is $468 a month, which is $57 (12%) lower than Wright.
