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These days, finding an affordable place to live in the Applegate area can be challenging. Home prices in Applegate are now at a median cost of $175,719, lower than the Michigan average of $250,415.
The average cost of rent is $969/mo in Applegate, primarily driven by the current value of real estate in the Applegate area. In Applegate, 12.35% of households rent, and 54.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Applegate is $5,377 per month. Households that rent pay about 18.01% of their income on rent here. Applegate’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carsonville, MI: less expensive homes
- Croswell, MI: equally priced homes
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- Lexington Heights, MI: higher priced homes
- Peck, MI: less expensive homes
- Forester, MI: equally priced homes
- Sandusky, MI: less expensive homes
- McGregor, MI: less expensive homes
Cities with Similar Populations
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- Huntington, VT: higher priced homes
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- Cuba, IL: less expensive homes
- Merrionette Park, IL: equally priced homes
- Olla, LA: less expensive homes
- Pactolus, NC: less expensive homes
- Port Austin, MI: equally priced homes
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