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Welcome Real Estate Market Facts

  • $78,100Median home price
    59% lower than Minnesota
  • $622Median rent asked
    29% lower than Minnesota
  • 81.4%Home owners
    14% higher than Minnesota
  • 2.3People per home
    4% lower than Minnesota

Welcome Home Affordability

  • $78,100Median home price
    59% lower than Minnesota
  • $39,500Median home income
    38% lower than Minnesota
  • 2.0xHome price to income ratio
    35% lower than Minnesota

Welcome Affordability Calculator

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Include PMI
You can afford a home up to:
Debt-to-income ratio
Monthly income breakdown
  • Monthly income
  • Monthly payment
  • Debt payment
  • Income taxes
  • Remainder

Welcome Mortgage Calculator

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Your monthly payment will be:
Monthly payment breakdown
  • Monthly payment
  • Mortgage
  • PMI fees
  • Property tax
  • Home insurance
  • HOA dues

Welcome Demographics

  • 716Population
  • 492People / sq mile
  • 40.0Median age
  • 0.9:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Ceylon, MN347$31,10083%
Dunnell, MN167$35,20081%
Alpha, MN152$40,00078%
Dolliver, IA81$42,50077%
Granada, MN271$55,60070%
Welcome, MN716$78,10058%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Brushton, NY716$82,70055%
Graettinger, IA716$65,30065%
Gosport, IN716$77,40058%
Duck Key, FL716$586,300217%
Rushville, NY716$111,60040%
Welcome, MN716$78,10058%
Source: The Welcome, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).