Home prices
The median home value in Welcome is $84,800. It is roughly $12,940 (18%) higher compared to its surrounding areas.It is roughly $132,700 (61%) lower in comparison to the rest of the country, and is roughly $94,600 (52%) lower compared to the city of Mankato.
Rents
In Welcome the median monthly rent is $580. This is roughly $35 (5%) lower in comparison to nearby areas.Compared to the entire country it is about $482 (45%) lower, and is roughly $319 (35%) lower compared to the city of Mankato.
Nearby places
Sherburn
Sherburn is roughly 5 miles west of Welcome. Real estate prices there are a little less expensive. The median home value in Sherburn is $73,900, which works out to $10,900 (14%) lower than Welcome. Rent there is a bit more expensive. The median monthly rent in Sherburn is $701, which is $121 (17%) higher than Welcome.
Fairmont
Fairmont is about 6 miles east from Welcome. Its housing prices are a bit more expensive. The median home cost in Fairmont is $123,700, which works out to $38,900 (31%) higher than Welcome. The rent there is a bit more expensive. The median monthly rent in Fairmont is $621, which is $41 (6%) higher than Welcome.
Trimont
Trimont is approximately 7 miles northwest of Welcome. Housing prices there are a lot less expensive. The median home in Trimont costs $62,600, which comes out to $22,200 (35%) lower than Welcome. Rent there is fairly similar. The median monthly rent in Trimont is $590, which works out to $10 (1%) higher than Welcome.
Northrop
Northrop is approximately 8 miles northeast from Welcome. Its housing prices are somewhat less expensive. The median home in Northrop costs $65,000, which works out to $19,800 (30%) lower than Welcome. Rents there are similar. In Northrop the median rent is $583 a month, which is very similar to Welcome.
Ceylon
Ceylon is approximately 8 miles south of Welcome. The real estate prices there are a lot less expensive. The median home in Ceylon costs $34,100, which works out to $50,700 (148%) lower than Welcome. The rent there is fairly similar. Ceylon's median monthly rent is $578, which is very similar to Welcome.
