Much like the surrounding areas, it is somewhat less expensive compared to the country as a whole. Compared to the city of Minneapolis however, it's substantially less expensive.
Home prices
Hager City's median home value is $161,300. It is roughly $2,560 (1%) lower compared to its nearby areas.It is roughly $56,200 (25%) lower in comparison to the rest of the nation, and is roughly $90,300 (35%) lower in comparison to the city of Minneapolis.
Rents
The median rent in Hager City is $738 per month. Compared to nearby areas it is roughly $133 (15%) lower.It is approximately $324 (30%) lower in comparison to the entire country, and compared to the city of Minneapolis is about $289 (28%) lower.
Nearby places
Red Wing
Red Wing is about 3 miles southwest of Hager City. Housing prices there are a little more expensive. The median home value in Red Wing is $174,000, which is $12,700 (7%) higher than Hager City. Rent there is a little more expensive. In Red Wing the median rent is $899 a month, which works out to $161 (17%) higher than Hager City.
Bay City
Bay City is roughly 3 miles east of Hager City. The housing prices there are a little less expensive. The value of the median home in Bay City is $125,400, which is $35,900 (28%) lower than Hager City. Rents there are pretty similar. In Bay City the median monthly rent is $729, which works out to $9 (1%) lower than Hager City.
Ellsworth
Ellsworth is approximately 8 miles north of Hager City. Real estate prices there are similar. The median home in Ellsworth is valued at $157,400, which is $3,900 (2%) lower than Hager City. Its rents are pretty similar. In Ellsworth the median rent is $748 a month, which works out to $10 (1%) higher than Hager City.
Goodhue
Goodhue is about 13 miles south of Hager City. Its real estate prices are somewhat more expensive. The median home in Goodhue is valued at $176,000, which works out to $14,700 (8%) higher than Hager City. Rent there is a bit more expensive. The median monthly rent in Goodhue is $1,021, which comes out to $283 (27%) higher than Hager City.
Prescott
Prescott is roughly 14 miles northwest of Hager City. The real estate prices there are a bit more expensive. The price of the median home in Prescott is $186,500, which works out to $25,200 (13%) higher than Hager City. Rents there are a bit more expensive. The median monthly rent in Prescott is $958, which comes out to $220 (22%) higher than Hager City.
