Home prices
The median home cost in Detroit Lakes is $190,600. In comparison to nearby areas this is about $84,440 (79%) higher.It is about $26,900 (12%) lower in comparison to the entire nation, and in comparison to the city of Fargo is approximately $21,500 (10%) lower.
Rents
Detroit Lakes's median monthly rent is $742. This is about $83 (12%) higher compared to nearby areas.It is roughly $320 (30%) lower compared to the rest of the country, and in comparison to the city of Fargo it is roughly $81 (9%) lower.
Nearby places
Audubon
Audubon is about 6 miles northwest of Detroit Lakes. Real estate prices there are a lot less expensive. The value of the median home in Audubon is $123,200, which comes out to $67,400 (54%) lower than Detroit Lakes. Rent there is a little less expensive. In Audubon the median rent is $675 a month, which is $67 (9%) lower than Detroit Lakes.
Frazee
Frazee is approximately 7 miles southeast from Detroit Lakes. Real estate prices there are a lot less expensive. The median home cost in Frazee is $115,000, which works out to $75,600 (65%) lower than Detroit Lakes. The rent there is a bit less expensive. Frazee's median rent is $704 a month, which works out to $38 (5%) lower than Detroit Lakes.
Vergas
Vergas is approximately 9 miles south from Detroit Lakes. Real estate prices there are substantially less expensive. Vergas's median home cost is $125,900, which comes out to $64,700 (51%) lower than Detroit Lakes. Rent there is a little less expensive. Vergas's median rent is $583 per month, which is $159 (27%) lower than Detroit Lakes.
Callaway
Callaway is roughly 11 miles north of Detroit Lakes. The real estate prices there are significantly less expensive. The price of the median home in Callaway is $75,000, which works out to $115,600 (154%) lower than Detroit Lakes. Its rents are a bit less expensive. In Callaway the median rent is $688 per month, which works out to $54 (7%) lower than Detroit Lakes.
Lake Park
Lake Park is about 11 miles northwest of Detroit Lakes. Housing prices there are substantially less expensive. Lake Park's median home price is $91,700, which comes out to $98,900 (107%) lower than Detroit Lakes. Its rents are a bit less expensive. In Lake Park the median rent is $645 a month, which is $97 (15%) lower than Detroit Lakes.
