Home prices
The median home in Downing is valued at $122,500. Compared to nearby areas this is approximately $10,440 (9%) higher.In comparison to the rest of the country it is roughly $95,000 (43%) lower, and compared to the city of Minneapolis it is about $129,100 (51%) lower.
Rents
The median monthly rent in Downing is $1,125. This is approximately $345 (44%) higher compared to its surrounding areas.Compared to the United States as a whole it is about $63 (5%) higher, and it is approximately $98 (9%) higher in comparison to the city of Minneapolis.
Nearby places
Glenwood City
Glenwood City is about 1 mile west of Downing. Real estate prices there are pretty similar. The median home price in Glenwood City is $120,000, which works out to $2,500 (2%) lower than Downing. The rent there is a bit less expensive. Glenwood City's median rent is $891 a month, which works out to $234 (26%) lower than Downing.
Boyceville
Boyceville is approximately 3 miles east of Downing. The housing prices there are a bit less expensive. The median home in Boyceville costs $104,700, which is $17,800 (17%) lower than Downing. Its rents are a lot less expensive. The median monthly rent in Boyceville is $719, which comes out to $406 (56%) lower than Downing.
Knapp
Knapp is approximately 6 miles south from Downing. Its real estate prices are similar. The median home in Knapp costs $118,800, which is $3,700 (3%) lower than Downing. The rent there is a lot less expensive. In Knapp the median monthly rent is $747, which comes out to $378 (50%) lower than Downing.
Wheeler
Wheeler is approximately 9 miles east of Downing. Its real estate prices are substantially less expensive. Wheeler's median home value is $83,800, which works out to $38,700 (46%) lower than Downing. Its rents are significantly less expensive. Wheeler's median rent is $729 a month, which comes out to $396 (54%) lower than Downing.
Woodville
Woodville is approximately 9 miles southwest from Downing. The real estate prices there are a little more expensive. The price of the median home in Woodville is $133,000, which comes out to $10,500 (7%) higher than Downing. The rent there is significantly less expensive. The median monthly rent in Woodville is $815, which is $310 (38%) lower than Downing.
