The Most Affordable Neighborhoods in Barnes Lake-Millers Lake, MI by Home Value

 

Barnes Lake-Millers Lake, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Barnes Lake-Millers Lake area can be challenging. Home prices in Barnes Lake-Millers Lake are now at a median cost of $216,100, lower than the Michigan average of $250,415.

The average cost of rent is $1,299/mo in Barnes Lake-Millers Lake, primarily driven by the current value of real estate in the Barnes Lake-Millers Lake area. In Barnes Lake-Millers Lake, 16.35% of households rent, and 25.87% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Barnes Lake-Millers Lake is $5,942 per month. Households that rent pay about 21.86% of their income on rent here. Barnes Lake-Millers Lake’s most expensive areas are in the central 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.


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