Similar to its nearby areas, it is a little more expensive compared to the rest of the country. Compared to the city of Minneapolis, it's close to average.
Home prices
The median home in Delano is valued at $258,700. It is approximately $4,940 (1%) lower compared to the surrounding areas.It is roughly $41,200 (18%) higher compared to the rest of the nation, and is about $7,100 (2%) higher compared to the city of Minneapolis.
Rents
Delano's median rent is $851 a month. It is approximately $193 (18%) lower compared to its nearby areas.It is roughly $211 (19%) lower in comparison to the US as a whole, and compared to the city of Minneapolis it is about $176 (17%) lower.
Nearby places
Independence
Independence is Delano's neighbor to the east. Its real estate prices are a lot more expensive. The value of the median home in Independence is $502,900, which works out to $244,200 (48%) higher than Delano. Its rents are substantially more expensive. Independence's median monthly rent is $1,637, which comes out to $786 (48%) higher than Delano.
Rockford
Rockford is roughly 3 miles northeast from Delano. Its housing prices are substantially less expensive. The median home in Rockford is valued at $181,900, which is $76,800 (42%) lower than Delano. Rents there are a little more expensive. In Rockford the median rent is $974 per month, which works out to $123 (12%) higher than Delano.
Watertown
Watertown is about 5 miles southwest of Delano. Its real estate prices are somewhat less expensive. The price of the median home in Watertown is $208,300, which is $50,400 (24%) lower than Delano. Its rents are somewhat less expensive. In Watertown the median rent is $694 a month, which works out to $157 (22%) lower than Delano.
Montrose
Montrose is about 5 miles west from Delano. The real estate prices there are significantly less expensive. The median home cost in Montrose is $176,200, which works out to $82,500 (46%) lower than Delano. The rent there is somewhat more expensive. The median rent in Montrose is $1,002 a month, which is $151 (15%) higher than Delano.
Maple Plain
Maple Plain is about 5 miles east of Delano. Its real estate prices are fairly similar. The median home in Maple Plain costs $248,900, which works out to $9,800 (3%) lower than Delano. The rent there is somewhat more expensive. Maple Plain's median monthly rent is $915, which is $64 (6%) higher than Delano.
