The Most Affordable Neighborhoods in Bad Axe, MI by Home Value

 

Bad Axe, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bad Axe area can be challenging. Home prices in Bad Axe are now at a median cost of $103,940, lower than the Michigan average of $196,062.

The average cost of rent is $680/mo in Bad Axe, primarily driven by the current value of real estate in the Bad Axe area. While nearly 55.91% of residents own their homes outright in Bad Axe, 30.45% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bad Axe is $3,863 per month. Households that rent pay about 17.60% of their income on rent here. Bad Axe's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.


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