Home prices
The value of the median home in Mound is $261,300. In comparison to its nearby areas it is about $284,620 (52%) lower.It is approximately $43,800 (20%) higher compared to the nation as a whole, and is about $9,700 (3%) higher compared to the city of Minneapolis.
Rents
In Mound the median rent is $1,040 a month. This is about $731 (41%) lower in comparison to the surrounding areas.It is approximately $22 (2%) lower compared to the nation as a whole, and it is roughly $13 (1%) higher compared to the city of Minneapolis.
Nearby places
Spring Park
Spring Park is Mound's neighbor to the east. Its housing prices are significantly more expensive. The median home in Spring Park costs $425,000, which is $163,700 (38%) higher than Mound. Rent there is pretty similar. In Spring Park the median rent is $1,075 a month, which works out to $35 (3%) higher than Mound.
Minnetrista
Minnetrista is Mound's neighbor to the west. The real estate prices there are a lot more expensive. The median home value in Minnetrista is $477,800, which is $216,500 (45%) higher than Mound. Rents there are a lot more expensive. In Minnetrista the median monthly rent is $3,016, which works out to $1,976 (65%) higher than Mound.
Shorewood
Shorewood is Mound's neighbor to the southeast. The housing prices there are significantly more expensive. The median home cost in Shorewood is $485,300, which works out to $224,000 (46%) higher than Mound. Its rents are a lot more expensive. The median rent in Shorewood is $1,639 a month, which works out to $599 (36%) higher than Mound.
Orono
Orono is Mound's neighbor to the northeast. The real estate prices there are significantly more expensive. Orono's median home price is $680,100, which comes out to $418,800 (61%) higher than Mound. The rent there is a little more expensive. The median monthly rent in Orono is $1,460, which is $420 (28%) higher than Mound.
Tonka Bay
Tonka Bay is roughly 3 miles east from Mound. Its housing prices are significantly more expensive. The value of the median home in Tonka Bay is $661,400, which is $400,100 (60%) higher than Mound. Rent there is substantially more expensive. Tonka Bay's median rent is $1,667 a month, which comes out to $627 (37%) higher than Mound.
