Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Alba area can be challenging. Home prices in Alba are now at a median cost of $118,530, lower than the Michigan average of $196,062.
The average cost of rent is $696/mo in Alba, primarily driven by the current value of real estate in the Alba area. While nearly 50.87% of residents own their homes outright in Alba, 4.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Alba is $4,467 per month. Households that rent pay about 15.58% of their income on rent here. Alba's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Wetzel, MI: equally priced homes
- Green River, MI: higher priced homes
- Leetsville, MI: higher priced homes
- Elmira, MI: higher priced homes
- Mancelona, MI: equally priced homes
- Eyedylwild Beach, MI: higher priced homes
- Otsego Lake, MI: higher priced homes
- Oak Grove, MI: higher priced homes
- Bellaire, MI: higher priced homes
- Gaylord, MI: higher priced homes
Cities with Similar Populations
- Savoonga, AK: less expensive homes
- Wiginton, AL: less expensive homes
- Tillman, SC: equally priced homes
- Wentworth, NH: higher priced homes
- Marlow, NH: higher priced homes
- West Sterling, MA: higher priced homes
- Copeland, ID: higher priced homes
- Spence, GA: higher priced homes
- White Oak, OK: higher priced homes
- Batesville, TX: less expensive homes
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