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These days, finding an affordable place to live in the Boyne City area can be challenging. Home prices in Boyne City are now at a median cost of $247,907, higher than the Michigan average of $196,062.
The average cost of rent is $893/mo in Boyne City, primarily driven by the current value of real estate in the Boyne City area. While nearly 41.18% of residents own their homes outright in Boyne City, 15.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Boyne City is $5,702 per month. Households that rent pay about 15.67% of their income on rent here. Boyne City's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Walloon Lake, MI: less expensive homes
- East Jordan, MI: less expensive homes
- Horton Bay, MI: less expensive homes
- Boyne Falls, MI: less expensive homes
- Zenith Heights, MI: equally priced homes
- Clarion, MI: equally priced homes
- Ironton, MI: higher priced homes
- Bay Shore, MI: equally priced homes
- Petoskey, MI: equally priced homes
- Wildwood, MI: less expensive homes
Cities with Similar Populations
- Oneida, TN: less expensive homes
- Mascotte, FL: less expensive homes
- Meadowbrook, AL: higher priced homes
- Mechanicstown, NY: less expensive homes
- Mendota, IL: less expensive homes
- Middleborough Center, MA: higher priced homes
- Millburn, NJ: higher priced homes
- Millstadt, IL: less expensive homes
- New Martinsville, WV: less expensive homes
- North Syracuse, NY: less expensive homes
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