If you’re wondering where is the cheapest place to buy a house in Minnesota, The answer is in smaller towns and rural places outside of the Twin Cities. Hibbing, Faribault, and Austin are some of the most affordable places to live in 2025, with median property prices that are far lower than the state average. These places provide affordable housing and a high quality of life.

Why Buy a Cheap House in Minnesota?

• A low-cost way to get into the real estate sector
• Mortgage payments are lower than for properties in the Twin Cities.
• College towns and rural areas have a lot of rental potential.
• Space to grow as smaller towns flourish

Cheapest Places to Buy a House in Minnesota

Hibbing – Iron Range Affordability

Located in northern Minnesota, Hibbing is one of the cheapest places to buy a house in Minnesota. Median home prices often fall well under $150,000, making it attractive for first-time buyers.

Austin – Small-Town Living at Low Prices

Austin, home of Hormel Foods, offers affordable homes under $200,000 with a strong job market. Many buyers turn to Austin for cheap housing in Minnesota due to its stability and affordability.

Faribault – Budget-Friendly Near the Twin Cities

Faribault sits just south of Minneapolis-St. Paul, offering cheaper housing without being too far from the metro area. Homes often list for significantly less than the Twin Cities average.

St. Cloud – Affordable City Living

St. Cloud provides a balance between city amenities and affordable pricing. Buyers searching for cheap homes in Minnesota often find great deals here, especially for starter homes.

What to Expect From Cheap Houses in Minnesota

• Houses usually cost between $120,000 and $200,000.
• Older buildings that can need some minor repairs
• A strong sense of community and a slower way of life
• Investors and first-time buyers are both looking for the same thing.

Tips for Finding Affordable Minnesota Homes

1. Look at smaller communities and towns outside of Minneapolis-St. Paul.
2. Get pre-approved as soon as you can so you can move promptly when bargains come up.
3. Look into fixer-uppers; they are sometimes listed for far less than they are worth.
4. Find a Minnesota real estate agent who knows about regions that are cheap.

Final remarks

In 2025, communities like Hibbing, Austin, Faribault, and St. Cloud will be the greatest places to buy a house in Minnesota if you want to save money. These places have inexpensive housing, a sense of community, and room to grow over time.

Get in touch with me

Looking for cheap houses in Minnesota? I can help you find hidden listings before they’re gone.

• Call: +17788520679
• Email: support@myhavens.us
• Go to: 1603 Capitol Ave, Cheyenne, WY 82001