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Affordable
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These days, finding an affordable place to live in the Bridgman area can be challenging. Home prices in Bridgman are now at a median cost of $275,756, higher than the Michigan average of $250,415.
The average cost of rent is $1,114/mo in Bridgman, primarily driven by the current value of real estate in the Bridgman area. In Bridgman, 19.71% of households rent, and 41.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bridgman is $6,441 per month. Households that rent pay about 17.30% of their income on rent here. Bridgman’s most expensive areas are in the northwestern 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
- Sawyer, MI: equally priced homes
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- Shorewood-Tower Hills-Harbert, MI: higher priced homes
- Glendora, MI: less expensive homes
- Harbert, MI: higher priced homes
- Stevensville, MI: higher priced homes
- Hinchman, MI: equally priced homes
- Lakeside, MI: higher priced homes
Cities with Similar Populations
- East Tawas, MI: less expensive homes
- Tipton, IA: less expensive homes
- Ocean Park, WA: higher priced homes
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- Crivitz, WI: less expensive homes
- Nikiski, AK: equally priced homes
- La Conner, WA: higher priced homes
- Garfield, AR: equally priced homes
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