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These days, finding an affordable place to live in the Armada area can be challenging. Home prices in Armada are now at a median cost of $344,016, higher than the Michigan average of $250,415.
The average cost of rent is $1,061/mo in Armada, primarily driven by the current value of real estate in the Armada area. In Armada, 7.37% of households rent, and 41.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Armada is $8,749 per month. Households that rent pay about 12.13% of their income on rent here. Armada’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Berville, MI: equally priced homes
- Allenton, MI: less expensive homes
- Ray, MI: equally priced homes
- Romeo, MI: equally priced homes
- Richmond, MI: less expensive homes
- Memphis, MI: equally priced homes
- Almont, MI: equally priced homes
- Washington, MI: higher priced homes
- New Haven, MI: less expensive homes
- Muttonville, MI: equally priced homes
Cities with Similar Populations
- Carlisle, OH: less expensive homes
- Hughesville, PA: less expensive homes
- Stanardsville, VA: less expensive homes
- Hunlock Creek, PA: less expensive homes
- Milaca, MN: less expensive homes
- Hurdle Mills, NC: less expensive homes
- Middletown, RI: higher priced homes
- Carthage, NY: less expensive homes
- Ijamsville, MD: higher priced homes
- St. Charles, MI: less expensive homes
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