Much like nearby areas, it's substantially more expensive compared to the nation as a whole. It is a lot more expensive even compared to the city of Minneapolis.
Home prices
The median home price in Excelsior is $617,100. Compared to nearby areas it is about $10,740 (1%) higher.It is roughly $399,600 (183%) higher in comparison to the rest of the country, and is about $365,500 (145%) higher compared to the city of Minneapolis.
Rents
Excelsior's median monthly rent is $949. Compared to its surrounding areas it is roughly $712 (42%) lower.It is approximately $113 (10%) lower in comparison to the rest of the country, and it is roughly $78 (7%) lower compared to the city of Minneapolis.
Nearby places
Greenwood
Greenwood is Excelsior's neighbor to the northeast. The real estate prices there are substantially more expensive. The median home in Greenwood costs $933,100, which works out to $316,000 (33%) higher than Excelsior. The rent there is significantly more expensive. The median monthly rent in Greenwood is $1,400, which is $451 (32%) higher than Excelsior.
Shorewood
Shorewood is Excelsior's neighbor to the west. Housing prices there are a little less expensive. Shorewood's median home price is $485,300, which comes out to $131,800 (27%) lower than Excelsior. Its rents are significantly more expensive. In Shorewood the median monthly rent is $1,639, which comes out to $690 (42%) higher than Excelsior.
Tonka Bay
Tonka Bay is approximately 1 mile northwest from Excelsior. The real estate prices there are a bit more expensive. The cost of the median home in Tonka Bay is $661,400, which is $44,300 (6%) higher than Excelsior. Rents there are a lot more expensive. In Tonka Bay the median monthly rent is $1,667, which works out to $718 (43%) higher than Excelsior.
Deephaven
Deephaven is roughly 2 miles northeast of Excelsior. Housing prices there are a bit less expensive. Deephaven's median home price is $570,700, which works out to $46,400 (8%) lower than Excelsior. The rent there is substantially more expensive. In Deephaven the median rent is $2,219 a month, which comes out to $1,270 (57%) higher than Excelsior.
Chanhassen
Chanhassen is roughly 3 miles south of Excelsior. The housing prices there are substantially less expensive. Chanhassen's median home price is $381,300, which comes out to $235,800 (61%) lower than Excelsior. Rent there is a bit more expensive. The median rent in Chanhassen is $1,378 per month, which comes out to $429 (31%) higher than Excelsior.
