Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Alverno area can be challenging. Home prices in Alverno are now at a median cost of $169,635, lower than the Michigan average of $196,062.
The average cost of rent is $749/mo in Alverno, primarily driven by the current value of real estate in the Alverno area. While nearly 53.47% of residents own their homes outright in Alverno, 5.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Alverno is $5,010 per month. Households that rent pay about 14.94% of their income on rent here. Alverno's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Cheboygan, MI: less expensive homes
- Mullett Lake, MI: less expensive homes
- Coddes Beach, MI: less expensive homes
- Long Point, MI: higher priced homes
- Birchwood, MI: less expensive homes
- Topinabee, MI: equally priced homes
- Point Nipigon, MI: less expensive homes
- Afton, MI: less expensive homes
- Onaway, MI: less expensive homes
- Tower, MI: less expensive homes
Cities with Similar Populations
- San Jose, TX: less expensive homes
- Powers, AL: higher priced homes
- Beatty, NV: less expensive homes
- Bear River, WY: higher priced homes
- Bayview, ID: higher priced homes
- Hammondsville, OH: less expensive homes
- Troy, VT: equally priced homes
- Sollitt, IL: higher priced homes
- Haymakertown, VA: higher priced homes
- Rockland, TX: less expensive homes
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