Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bannister area can be challenging. Home prices in Bannister are now at a median cost of $107,464, lower than the Michigan average of $196,062.
The average cost of rent is $789/mo in Bannister, primarily driven by the current value of real estate in the Bannister area. While nearly 53.06% of residents own their homes outright in Bannister, 18.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bannister is $4,968 per month. Households that rent pay about 15.89% of their income on rent here. Bannister's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Fenmore, MI: less expensive homes
- Elsie, MI: higher priced homes
- Ashley, MI: equally priced homes
- Marion Springs, MI: equally priced homes
- Sickles, MI: equally priced homes
- Pompeii, MI: higher priced homes
- Brant, MI: higher priced homes
- Henderson, MI: higher priced homes
- Ovid, MI: higher priced homes
- Oakley, MI: higher priced homes
Cities with Similar Populations
- Lakeview, NC: higher priced homes
- Attica, KS: less expensive homes
- New Prospect, TN: higher priced homes
- Opelika, TX: equally priced homes
- Oneida, KY: less expensive homes
- Oak City, NC: less expensive homes
- Nutria, CO: higher priced homes
- Fowlerton, IN: equally priced homes
- Frankford, MO: less expensive homes
- Fulton, IN: equally priced homes
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