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These days, finding an affordable place to live in the Beechwood area can be challenging. Home prices in Beechwood are now at a median cost of $162,126, lower than the Michigan average of $250,415.
The average cost of rent is $732/mo in Beechwood, primarily driven by the current value of real estate in the Beechwood area. In Beechwood, 7.04% of households rent, and 56.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Beechwood is $5,292 per month. Households that rent pay about 13.83% of their income on rent here. Beechwood’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mineral Hills, MI: less expensive homes
- Gibbs City, MI: equally priced homes
- Iron River, MI: less expensive homes
- Caspian, MI: less expensive homes
- Stambaugh, MI: less expensive homes
- Gaastra, MI: less expensive homes
- Scott Lake, MI: less expensive homes
- Phelps, WI: higher priced homes
- Long Lake, WI: equally priced homes
- Tipler, WI: equally priced homes
Cities with Similar Populations
- East Winthrop, ME: higher priced homes
- Stannard, VT: higher priced homes
- St. Xavier, MT: higher priced homes
- Davant, LA: equally priced homes
- Squapan, ME: less expensive homes
- Deep River, WA: higher priced homes
- Diana, WV: less expensive homes
- South Lubec, ME: equally priced homes
- Solon, NY: equally priced homes
- Dunn, TX: equally priced homes
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