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Affordable
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These days, finding an affordable place to live in the Banat area can be challenging. Home prices in Banat are now at a median cost of $143,500, lower than the Michigan average of $250,415.
The average cost of rent is $910/mo in Banat, primarily driven by the current value of real estate in the Banat area. In Banat, 8.93% of households rent, and 53.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Banat is $4,191 per month. Households that rent pay about 21.71% of their income on rent here. Banat’s most expensive areas are in the eastern 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
- Gardner, MI: equally priced homes
- Longrie, MI: equally priced homes
- Daggett, MI: equally priced homes
- Nathan, MI: equally priced homes
- Talbot, MI: higher priced homes
- Stephenson, MI: equally priced homes
- Ingalls, MI: higher priced homes
- Nadeau, MI: higher priced homes
- McAllister, WI: higher priced homes
- Carney, MI: higher priced homes
Cities with Similar Populations
- Gilgo, NY: higher priced homes
- Ironside, OR: higher priced homes
- Island View, MN: higher priced homes
- Pineland, FL: higher priced homes
- Pillsbury, ND: higher priced homes
- Termo, CA: higher priced homes
- Pike, WV: less expensive homes
- Tererro, NM: higher priced homes
- Verhalen, TX: less expensive homes
- Tensas Bluff, LA: less expensive homes
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