Similar to other places in this area, it's a little less expensive compared to the entire nation. However it is a lot less expensive compared to the city of Minneapolis.
Home prices
The cost of the median home in Plato is $162,500. Compared to its surrounding areas it is approximately $2,760 (1%) higher.It is about $55,000 (25%) lower compared to the rest of the country, and is roughly $89,100 (35%) lower in comparison to the city of Minneapolis.
Rents
The median rent in Plato is $767 per month. It is roughly $20 (2%) higher compared to its surrounding areas.It is about $295 (27%) lower in comparison to the United States as a whole, and in comparison to the city of Minneapolis is roughly $260 (25%) lower.
Nearby places
Hamburg
Hamburg is about 4 miles southeast from Plato. Housing prices there are somewhat more expensive. The price of the median home in Hamburg is $173,900, which comes out to $11,400 (6%) higher than Plato. The rent there is a little less expensive. The median rent in Hamburg is $702 a month, which comes out to $65 (9%) lower than Plato.
Glencoe
Glencoe is roughly 4 miles west of Plato. Its real estate prices are a little less expensive. The median home value in Glencoe is $147,300, which comes out to $15,200 (10%) lower than Plato. The rent there is a little less expensive. In Glencoe the median monthly rent is $689, which is $78 (11%) lower than Plato.
Norwood Young America
Norwood Young America is about 5 miles east of Plato. Housing prices there are a little more expensive. The value of the median home in Norwood Young America is $187,800, which is $25,300 (13%) higher than Plato. Rents there are a bit more expensive. In Norwood Young America the median rent is $922 per month, which comes out to $155 (16%) higher than Plato.
Green Isle
Green Isle is approximately 5 miles south from Plato. The real estate prices there are somewhat less expensive. The median home in Green Isle is valued at $139,900, which is $22,600 (16%) lower than Plato. Its rents are a bit more expensive. The median rent in Green Isle is $879 per month, which is $112 (12%) higher than Plato.
Lester Prairie
Lester Prairie is approximately 6 miles north from Plato. Its real estate prices are a bit less expensive. The price of the median home in Lester Prairie is $149,800, which is $12,700 (8%) lower than Plato. Rent there is substantially less expensive. Lester Prairie's median rent is $543 a month, which is $224 (41%) lower than Plato.
