Home prices
The median home in Prescott costs $186,500. It is approximately $86,560 (31%) lower in comparison to its nearby areas.It is roughly $31,000 (14%) lower compared to the rest of the country, and it is about $65,100 (25%) lower in comparison to the city of Minneapolis.
Rents
In Prescott the median monthly rent is $958. Compared to its nearby areas it is roughly $110 (10%) lower.In comparison to the United States as a whole it is roughly $104 (9%) lower, and in comparison to the city of Minneapolis it is roughly $69 (6%) lower.
Nearby places
Hastings
Hastings is roughly 3 miles southwest of Prescott. The housing prices there are a bit more expensive. Hastings's median home value is $214,900, which comes out to $28,400 (13%) higher than Prescott. Its rents are similar. Hastings's median monthly rent is $950, which is very similar to Prescott.
Cottage Grove
Cottage Grove is approximately 7 miles northwest from Prescott. Its housing prices are a little more expensive. The median home in Cottage Grove is valued at $249,800, which is $63,300 (25%) higher than Prescott. Rents there are a little more expensive. In Cottage Grove the median rent is $1,342 per month, which comes out to $384 (28%) higher than Prescott.
Vermillion
Vermillion is roughly 8 miles southwest of Prescott. Its housing prices are somewhat more expensive. The median home in Vermillion is valued at $228,600, which is $42,100 (18%) higher than Prescott. Rents there are a little less expensive. Vermillion's median rent is $863 per month, which is $95 (11%) lower than Prescott.
Afton
Afton is approximately 9 miles north of Prescott. The housing prices there are significantly more expensive. The median home in Afton is valued at $475,000, which comes out to $288,500 (60%) higher than Prescott. Rent there is somewhat more expensive. In Afton the median rent is $1,292 a month, which is $334 (25%) higher than Prescott.
River Falls
River Falls is roughly 9 miles northeast of Prescott. The real estate prices there are somewhat more expensive. River Falls's median home cost is $197,000, which works out to $10,500 (5%) higher than Prescott. Rent there is somewhat less expensive. River Falls's median rent is $893 a month, which comes out to $65 (7%) lower than Prescott.
