Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bessemer area can be challenging. Home prices in Bessemer are now at a median cost of $77,344, lower than the Michigan average of $196,062.
The average cost of rent is $519/mo in Bessemer, primarily driven by the current value of real estate in the Bessemer area. While nearly 52.77% of residents own their homes outright in Bessemer, 18.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bessemer is $4,205 per month. Households that rent pay about 12.35% of their income on rent here. Bessemer's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Ramsay, MI: less expensive homes
- Hillcrest, MI: higher priced homes
- Hautala Corner, MI: higher priced homes
- Ironwood, MI: equally priced homes
- Wakefield, MI: equally priced homes
- Thomaston, MI: higher priced homes
- Hurley, WI: higher priced homes
- Gile, WI: higher priced homes
- Van Buskirk, WI: higher priced homes
- Auvinen Corner, MI: higher priced homes
Cities with Similar Populations
- Kempton, PA: higher priced homes
- Tilton, IL: less expensive homes
- Laurel, IN: higher priced homes
- Stilson, TX: higher priced homes
- Big Sandy, TN: higher priced homes
- Rehobeth, AL: higher priced homes
- Gleason, TN: higher priced homes
- Onamia, MN: higher priced homes
- Lake Lure, NC: higher priced homes
- Lakeview Heights, KY: higher priced homes
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