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Affordable
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These days, finding an affordable place to live in the Bates area can be challenging. Home prices in Bates are now at a median cost of $345,267, higher than the Michigan average of $250,415.
The average cost of rent is $1,429/mo in Bates, primarily driven by the current value of real estate in the Bates area. In Bates, 12.55% of households rent, and 25.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bates is $8,144 per month. Households that rent pay about 17.55% of their income on rent here. Bates’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Acme, MI: equally priced homes
- Williamsburg, MI: equally priced homes
- Yuba, MI: higher priced homes
- Traverse City, MI: equally priced homes
- Mayfield, MI: less expensive homes
- Torch River, MI: higher priced homes
- Elk Rapids, MI: higher priced homes
- Greilickville, MI: higher priced homes
- Rapid City, MI: less expensive homes
- Clam River, MI: higher priced homes
Cities with Similar Populations
- Peru, MA: less expensive homes
- Walker, NY: less expensive homes
- Barton Hills, MI: higher priced homes
- Beaver, WA: equally priced homes
- Bethany, FL: higher priced homes
- Blenheim, SC: less expensive homes
- Bowie, AZ: less expensive homes
- Richmond, AR: less expensive homes
- Queen, PA: less expensive homes
- Progreso Lakes, TX: less expensive homes
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