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These days, finding an affordable place to live in the Arnheim area can be challenging. Home prices in Arnheim are now at a median cost of $125,838, lower than the Michigan average of $250,415.
The average cost of rent is $813/mo in Arnheim, primarily driven by the current value of real estate in the Arnheim area. In Arnheim, 4.45% of households rent, and 54.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arnheim is $4,521 per month. Households that rent pay about 17.98% of their income on rent here. Arnheim’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Keweenaw Bay, MI: higher priced homes
- White, MI: less expensive homes
- Baraga, MI: equally priced homes
- Winona, MI: higher priced homes
- Klingville, MI: higher priced homes
- Nisula, MI: less expensive homes
Cities with Similar Populations
- Towner, CO: higher priced homes
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- Bridgeport, OK: equally priced homes
- Lewisville, OR: higher priced homes
- Whitesbog, NJ: higher priced homes
- Medfra, AK: less expensive homes
- Eagleton, MT: equally priced homes
- Ringling, MT: higher priced homes
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