Much like nearby areas, it is substantially less expensive compared to the nation as a whole. Compared to the city of Duluth however, it's somewhat less expensive.
Home prices
The price of the median home in Chief Lake is $111,400. Compared to the surrounding areas this is roughly $2,780 (2%) lower.Compared to the entire nation it is about $106,100 (48%) lower, and in comparison to the city of Duluth is about $51,900 (31%) lower.
Rents
In Chief Lake the median monthly rent is $569. In comparison to its surrounding areas it is approximately $71 (14%) higher.It is approximately $493 (46%) lower in comparison to the rest of the nation, and it is approximately $251 (30%) lower in comparison to the city of Duluth.
Nearby places
Little Round Lake
Little Round Lake is Chief Lake's neighbor to the northwest. Housing prices there are a lot less expensive. The median home in Little Round Lake costs $80,700, which works out to $30,700 (38%) lower than Chief Lake. The rent there is substantially less expensive. Little Round Lake's median rent is $352 a month, which works out to $217 (61%) lower than Chief Lake.
Reserve
Reserve is Chief Lake's neighbor to the south. The real estate prices there are a bit less expensive. The median home in Reserve costs $91,700, which comes out to $19,700 (21%) lower than Chief Lake. Its rents are a lot less expensive. Reserve's median monthly rent is $386, which is $183 (47%) lower than Chief Lake.
New Post
New Post is Chief Lake's neighbor to the east. Real estate prices there are a lot more expensive. The median home price in New Post is $211,100, which works out to $99,700 (47%) higher than Chief Lake. Rent there is significantly less expensive. In New Post the median monthly rent is $364, which comes out to $205 (56%) lower than Chief Lake.
Hayward
Hayward is roughly 8 miles northwest of Chief Lake. The housing prices there are a little more expensive. Hayward's median home price is $125,500, which works out to $14,100 (11%) higher than Chief Lake. Rent there is somewhat more expensive. Hayward's median monthly rent is $666, which is $97 (14%) higher than Chief Lake.
Radisson
Radisson is roughly 10 miles southeast from Chief Lake. The housing prices there are substantially less expensive. Radisson's median home price is $61,900, which works out to $49,500 (79%) lower than Chief Lake. The rent there is a bit more expensive. In Radisson the median monthly rent is $724, which is $155 (21%) higher than Chief Lake.
