Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Black River area can be challenging. Home prices in Black River are now at a median cost of $141,560, lower than the Michigan average of $196,062.
The average cost of rent is $811/mo in Black River, primarily driven by the current value of real estate in the Black River area. While nearly 48.71% of residents own their homes outright in Black River, 11.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Black River is $4,137 per month. Households that rent pay about 19.61% of their income on rent here. Black River's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Lincoln, MI: less expensive homes
- Spruce, MI: equally priced homes
- Harrisville, MI: equally priced homes
- Ossineke, MI: less expensive homes
- Killmaster, MI: less expensive homes
- Hubbard Lake, MI: equally priced homes
- Barton City, MI: less expensive homes
- Mikado, MI: less expensive homes
- Greenbush, MI: less expensive homes
- Alpena, MI: less expensive homes
Cities with Similar Populations
- Millville, MN: higher priced homes
- Neier, MO: higher priced homes
- Mowrystown, OH: less expensive homes
- Movella, MS: less expensive homes
- Mount Joy, TN: equally priced homes
- Mora, MO: higher priced homes
- Moorland, MI: equally priced homes
- Monteview, ID: higher priced homes
- Moddersville, MI: less expensive homes
- Neponset, IL: less expensive homes
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