Home prices
The median home cost in Savage is $307,500. In comparison to nearby areas this is about $27,940 (9%) higher.In comparison to the entire nation it is approximately $90,000 (41%) higher, and in comparison to the city of Minneapolis is approximately $55,900 (22%) higher.
Rents
In Savage the median rent is $1,286 a month. Compared to its nearby areas this is approximately $62 (5%) higher.Compared to the country as a whole it is about $224 (21%) higher, and is approximately $259 (25%) higher in comparison to the city of Minneapolis.
Nearby places
Burnsville
Burnsville is Savage's neighbor to the east. Real estate prices there are a little less expensive. Burnsville's median home price is $247,500, which works out to $60,000 (24%) lower than Savage. Rents there are fairly similar. The median monthly rent in Burnsville is $1,228, which is $58 (4%) lower than Savage.
Prior Lake
Prior Lake is Savage's neighbor to the southwest. Its housing prices are similar. The median home price in Prior Lake is $322,400, which is $14,900 (4%) higher than Savage. The rent there is somewhat less expensive. Prior Lake's median monthly rent is $1,143, which works out to $143 (12%) lower than Savage.
Shakopee
Shakopee is Savage's neighbor to the west. The real estate prices there are somewhat less expensive. The median home in Shakopee costs $265,500, which works out to $42,000 (15%) lower than Savage. Rent there is a bit less expensive. The median monthly rent in Shakopee is $1,211, which comes out to $75 (6%) lower than Savage.
Bloomington
Bloomington is Savage's neighbor to the northeast. Its housing prices are somewhat less expensive. The median home cost in Bloomington is $251,300, which works out to $56,200 (22%) lower than Savage. Rents there are a little less expensive. Bloomington's median rent is $1,178 a month, which comes out to $108 (9%) lower than Savage.
Lakeville
Lakeville is about 6 miles southeast of Savage. Housing prices there are similar. The median home in Lakeville is valued at $311,100, which comes out to $3,600 (1%) higher than Savage. Its rents are a bit more expensive. In Lakeville the median rent is $1,360 a month, which is $74 (5%) higher than Savage.
