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Towns with the most affordable housing in Minnesota
Ranked by our Housing affordability score out of 100, which is based on home prices compared with income, rent as a share of income, and the typical home price. Of the 363 towns in Minnesota with 1,000 or more people, these are the top 25.
Fairfax ranks first with a score of 86. Tracy and Redby follow, with 85 and 85. Scores compare each town with all 27,850 towns we track across the US.
| Rank | Town | Score | Home price compared with yearly income | Share of income spent on rent | Population |
|---|---|---|---|---|---|
| 1 | Fairfax | 86 | 1.9× | 8.6% | 1,088 |
| 2 | Tracy | 85 | 1.7× | 12.3% | 2,057 |
| 3 | Redby | 85 | 1.9× | 10.9% | 1,495 |
| 4 | Pipestone | 84 | 1.7× | 13.1% | 4,129 |
| 5 | Renville | 84 | 1.8× | 11.7% | 1,503 |
| 6 | Wells | 84 | 1.7× | 13.8% | 2,296 |
| 7 | Cottonwood | 82 | 1.8× | 8.4% | 1,061 |
| 8 | Jackson | 82 | 1.8× | 12.9% | 3,287 |
| 9 | Dawson | 82 | 2.0× | 10.2% | 1,513 |
| 10 | New Richland | 82 | 2.0× | 10.5% | 1,184 |
| 11 | Gilbert | 81 | 1.9× | 13.0% | 1,697 |
| 12 | Lakefield | 81 | 1.9× | 12.9% | 1,507 |
| 13 | Sherburn | 80 | 1.8× | 14.8% | 1,015 |
| 14 | Winnebago | 80 | 1.9× | 14.3% | 1,280 |
| 15 | Red Lake Falls | 80 | 2.2× | 9.5% | 1,348 |
| 16 | Madison | 80 | 1.6× | 16.4% | 1,550 |
| 17 | Babbitt | 79 | 1.8× | 15.8% | 1,393 |
| 18 | Canby | 78 | 2.2× | 12.1% | 1,556 |
| 19 | International Falls | 78 | 2.1× | 13.4% | 5,642 |
| 20 | Wheaton | 78 | 1.9× | 16.0% | 1,389 |
| 21 | Edgerton | 78 | 1.9× | 14.4% | 1,104 |
| 22 | Minneota | 78 | 2.2× | 10.4% | 1,594 |
| 23 | Red Lake | 78 | 2.5× | 9.8% | 1,481 |
| 24 | Caledonia | 76 | 2.1× | 13.2% | 2,820 |
| 25 | Aurora | 76 | 2.3× | 14.5% | 1,792 |
Only towns with 1,000 or more people are ranked. Scores compare each town with all towns we track. See how we score towns and where the figures come from. These are estimates, so check official sources before you decide.
More rankings for Minnesota
- Most affordable towns to live in
- Towns with the best schools
- Fastest-growing towns
- Towns with the best jobs and income
- Most walkable towns
- Towns with the lowest property taxes
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