Similar to nearby areas, it is a little less expensive compared to the rest of the country. However compared to the city of Minneapolis, it is a lot less expensive.
Home prices
Winsted's median home value is $159,300. This is roughly $1,820 (1%) higher in comparison to its nearby areas.It is about $58,200 (26%) lower in comparison to the rest of the nation, and in comparison to the city of Minneapolis it is roughly $92,300 (36%) lower.
Rents
Winsted's median rent is $706 per month. This is roughly $42 (5%) lower in comparison to its surrounding areas.Compared to the US as a whole it is approximately $356 (33%) lower, and is approximately $321 (31%) lower compared to the city of Minneapolis.
Nearby places
Lester Prairie
Lester Prairie is about 4 miles south of Winsted. The real estate prices there are a bit less expensive. The value of the median home in Lester Prairie is $149,800, which is $9,500 (6%) lower than Winsted. Its rents are somewhat less expensive. The median rent in Lester Prairie is $543 a month, which is $163 (30%) lower than Winsted.
New Germany
New Germany is about 5 miles southeast of Winsted. Its real estate prices are somewhat less expensive. The price of the median home in New Germany is $150,000, which comes out to $9,300 (6%) lower than Winsted. Rents there are a bit more expensive. The median monthly rent in New Germany is $783, which comes out to $77 (9%) higher than Winsted.
Howard Lake
Howard Lake is roughly 6 miles north from Winsted. Its housing prices are pretty similar. The median home in Howard Lake is valued at $153,800, which comes out to $5,500 (3%) lower than Winsted. Rents there are somewhat more expensive. The median monthly rent in Howard Lake is $774, which works out to $68 (8%) higher than Winsted.
Silver Lake
Silver Lake is about 7 miles southwest from Winsted. The real estate prices there are a little less expensive. The value of the median home in Silver Lake is $140,700, which is $18,600 (13%) lower than Winsted. Rent there is significantly less expensive. The median monthly rent in Silver Lake is $525, which is $181 (34%) lower than Winsted.
Waverly
Waverly is approximately 7 miles northeast from Winsted. The housing prices there are somewhat more expensive. Waverly's median home price is $193,100, which is $33,800 (17%) higher than Winsted. Rents there are substantially more expensive. The median rent in Waverly is $1,116 per month, which comes out to $410 (36%) higher than Winsted.
