Similar to other places in this area, it's a bit less expensive compared to the entire country. It's somewhat less expensive compared to the city of Minneapolis.
Home prices
The price of the median home in Hamburg is $173,900. This is approximately $2,000 (1%) lower in comparison to its nearby areas.It is about $43,600 (20%) lower in comparison to the nation as a whole, and is about $77,700 (30%) lower compared to the city of Minneapolis.
Rents
Hamburg's median rent is $702 per month. In comparison to its nearby areas it is roughly $86 (10%) lower.Compared to the nation as a whole it is approximately $360 (33%) lower, and is approximately $325 (31%) lower in comparison to the city of Minneapolis.
Nearby places
Norwood Young America
Norwood Young America is roughly 3 miles northeast from Hamburg. The real estate prices there are somewhat more expensive. The median home price in Norwood Young America is $187,800, which works out to $13,900 (7%) higher than Hamburg. The rent there is a little more expensive. In Norwood Young America the median rent is $922 per month, which is $220 (23%) higher than Hamburg.
Green Isle
Green Isle is about 3 miles southwest of Hamburg. Real estate prices there are a little less expensive. The median home in Green Isle is valued at $139,900, which comes out to $34,000 (24%) lower than Hamburg. Rents there are somewhat more expensive. In Green Isle the median rent is $879 per month, which works out to $177 (20%) higher than Hamburg.
Plato
Plato is approximately 4 miles northwest of Hamburg. Its real estate prices are a little less expensive. The median home in Plato costs $162,500, which works out to $11,400 (7%) lower than Hamburg. Rent there is a bit more expensive. Plato's median monthly rent is $767, which is $65 (8%) higher than Hamburg.
Cologne
Cologne is roughly 7 miles east from Hamburg. Housing prices there are a little more expensive. The median home value in Cologne is $242,000, which works out to $68,100 (28%) higher than Hamburg. Rents there are pretty similar. Cologne's median monthly rent is $681, which works out to $21 (3%) lower than Hamburg.
Glencoe
Glencoe is about 8 miles west from Hamburg. The real estate prices there are a bit less expensive. Glencoe's median home price is $147,300, which works out to $26,600 (18%) lower than Hamburg. Rent there is fairly similar. In Glencoe the median monthly rent is $689, which works out to $13 (1%) lower than Hamburg.
