Similar to its nearby areas, it is a lot less expensive compared to the United States as a whole. However compared to the city of Rochester, it is a bit less expensive.
Home prices
The median home in Lanesboro costs $140,100. In comparison to nearby areas it is approximately $4,220 (3%) higher.In comparison to the entire nation it is about $77,400 (35%) lower, and it is approximately $60,000 (29%) lower in comparison to the city of Rochester.
Rents
The median monthly rent in Lanesboro is $525. In comparison to other places in this area this is approximately $117 (18%) lower.Compared to the rest of the country it is roughly $537 (50%) lower, and it is approximately $449 (46%) lower in comparison to the city of Rochester.
Nearby places
Preston
Preston is about 5 miles southwest from Lanesboro. Its real estate prices are a little less expensive. The median home price in Preston is $117,100, which works out to $23,000 (19%) lower than Lanesboro. Rent there is similar. Preston's median monthly rent is $544, which is $19 (3%) higher than Lanesboro.
Fountain
Fountain is approximately 7 miles west of Lanesboro. The housing prices there are a bit less expensive. The median home value in Fountain is $129,900, which works out to $10,200 (7%) lower than Lanesboro. Rent there is a little more expensive. Fountain's median rent is $620 per month, which works out to $95 (15%) higher than Lanesboro.
Peterson
Peterson is roughly 7 miles northeast from Lanesboro. Its housing prices are a little less expensive. The median home price in Peterson is $106,300, which works out to $33,800 (31%) lower than Lanesboro. Its rents are somewhat more expensive. In Peterson the median rent is $713 a month, which works out to $188 (26%) higher than Lanesboro.
Rushford Village
Rushford Village is approximately 9 miles northeast from Lanesboro. Housing prices there are a lot more expensive. The median home in Rushford Village costs $209,300, which is $69,200 (33%) higher than Lanesboro. Its rents are somewhat more expensive. In Rushford Village the median monthly rent is $677, which comes out to $152 (22%) higher than Lanesboro.
Harmony
Harmony is approximately 10 miles south from Lanesboro. Housing prices there are somewhat less expensive. The median home in Harmony is valued at $116,800, which comes out to $23,300 (19%) lower than Lanesboro. Rent there is somewhat more expensive. Harmony's median monthly rent is $658, which comes out to $133 (20%) higher than Lanesboro.
