Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Albion area can be challenging. Home prices in Albion are now at a median cost of $89,157, lower than the Michigan average of $196,062.
The average cost of rent is $782/mo in Albion, primarily driven by the current value of real estate in the Albion area. While nearly 52.16% of residents own their homes outright in Albion, 34.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Albion is $3,792 per month. Households that rent pay about 20.62% of their income on rent here. Albion's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Devereaux, MI: higher priced homes
- Eckford, MI: higher priced homes
- Marengo, MI: higher priced homes
- Concord, MI: higher priced homes
- Duck Lake, MI: higher priced homes
- Parma, MI: higher priced homes
- Homer, MI: higher priced homes
- Springport, MI: higher priced homes
- Marshall, MI: higher priced homes
- Partello, MI: higher priced homes
Cities with Similar Populations
- Paw Paw, MI: higher priced homes
- Whiting, IN: higher priced homes
- Dobbs Ferry, NY: higher priced homes
- Grosse Pointe Park, MI: higher priced homes
- Gulfport, FL: higher priced homes
- Fort Bliss, TX: higher priced homes
- Vicksburg, MI: higher priced homes
- South Haven, MI: higher priced homes
- South Park Township, PA: higher priced homes
- St. Louis, MI: higher priced homes
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