Similar to the surrounding areas, it's substantially less expensive compared to the country as a whole. Compared to the city of Minneapolis, it is significantly less expensive.
Home prices
The value of the median home in Frederic is $101,800. This is about $3,040 (3%) higher compared to its surrounding areas.It is roughly $115,700 (53%) lower in comparison to the United States as a whole, and compared to the city of Minneapolis is approximately $149,800 (59%) lower.
Rents
Frederic's median rent is $635 a month. This is about $133 (17%) lower compared to nearby areas.It is roughly $427 (40%) lower compared to the US as a whole, and it is roughly $392 (38%) lower in comparison to the city of Minneapolis.
Nearby places
Lewis
Lewis is roughly 4 miles northeast of Frederic. The real estate prices there are a little less expensive. The cost of the median home in Lewis is $83,300, which comes out to $18,500 (22%) lower than Frederic. The rent there is a lot more expensive. Lewis's median monthly rent is $1,014, which works out to $379 (37%) higher than Frederic.
Luck
Luck is approximately 5 miles south of Frederic. Real estate prices there are a little more expensive. The median home in Luck is valued at $107,500, which works out to $5,700 (5%) higher than Frederic. The rent there is a bit more expensive. The median rent in Luck is $726 per month, which comes out to $91 (12%) higher than Frederic.
Milltown
Milltown is roughly 8 miles south from Frederic. The housing prices there are a little less expensive. The median home in Milltown costs $91,000, which is $10,800 (11%) lower than Frederic. Rent there is somewhat less expensive. Milltown's median monthly rent is $598, which is $37 (6%) lower than Frederic.
Siren
Siren is about 8 miles northeast from Frederic. Housing prices there are a bit more expensive. The value of the median home in Siren is $116,200, which comes out to $14,400 (12%) higher than Frederic. Rents there are a bit more expensive. In Siren the median rent is $775 a month, which works out to $140 (18%) higher than Frederic.
Grantsburg
Grantsburg is roughly 11 miles northwest from Frederic. Housing prices there are somewhat less expensive. The price of the median home in Grantsburg is $95,800, which is $6,000 (6%) lower than Frederic. Rent there is a bit more expensive. The median rent in Grantsburg is $727 per month, which works out to $92 (12%) higher than Frederic.
