Home prices
The median home in Shafer is valued at $165,900. In comparison to the surrounding areas it is about $14,280 (7%) lower.It is roughly $51,600 (23%) lower in comparison to the US as a whole, and in comparison to the city of Minneapolis it is roughly $85,700 (34%) lower.
Rents
In Shafer the median monthly rent is $1,000. In comparison to its nearby areas it is about $166 (19%) higher.Compared to the rest of the nation it is roughly $62 (5%) lower, and compared to the city of Minneapolis it is roughly $27 (2%) lower.
Nearby places
Center City
Center City is about 2 miles west from Shafer. The housing prices there are a bit more expensive. The median home in Center City costs $225,000, which works out to $59,100 (26%) higher than Shafer. Rents there are fairly similar. The median rent in Center City is $987 a month, which comes out to $13 (1%) lower than Shafer.
Taylors Falls
Taylors Falls is about 3 miles east of Shafer. Its housing prices are a little more expensive. The median home in Taylors Falls costs $181,900, which comes out to $16,000 (8%) higher than Shafer. Its rents are a lot less expensive. In Taylors Falls the median rent is $667 a month, which is $333 (49%) lower than Shafer.
Lindstrom
Lindstrom is roughly 3 miles west of Shafer. The real estate prices there are somewhat more expensive. The median home price in Lindstrom is $211,400, which works out to $45,500 (21%) higher than Shafer. The rent there is a bit less expensive. Lindstrom's median rent is $817 per month, which is $183 (22%) lower than Shafer.
Osceola
Osceola is roughly 5 miles southeast from Shafer. Its housing prices are somewhat less expensive. The median home cost in Osceola is $149,500, which is $16,400 (10%) lower than Shafer. Rents there are a little less expensive. Osceola's median monthly rent is $822, which works out to $178 (21%) lower than Shafer.
Dresser
Dresser is roughly 5 miles east from Shafer. Its real estate prices are a little less expensive. Dresser's median home price is $133,100, which works out to $32,800 (24%) lower than Shafer. The rent there is somewhat less expensive. In Dresser the median rent is $879 per month, which is $121 (13%) lower than Shafer.
