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These days, finding an affordable place to live in the Burt Lake area can be challenging. Home prices in Burt Lake are now at a median cost of $184,098, lower than the Michigan average of $196,062.
The average cost of rent is $780/mo in Burt Lake, primarily driven by the current value of real estate in the Burt Lake area. While nearly 22.35% of residents own their homes outright in Burt Lake, 9.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Burt Lake is $4,796 per month. Households that rent pay about 16.27% of their income on rent here. Burt Lake's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Alanson, MI: less expensive homes
- Indian River, MI: equally priced homes
- Brutus, MI: higher priced homes
- Topinabee, MI: less expensive homes
- Epsilon, MI: equally priced homes
- Oden, MI: less expensive homes
- Conway, MI: equally priced homes
- Long Point, MI: higher priced homes
- Birchwood, MI: less expensive homes
- Wildwood, MI: less expensive homes
Cities with Similar Populations
- Zena, OK: less expensive homes
- Yelvington, KY: equally priced homes
- Alto Pass, IL: less expensive homes
- Ashford, WA: higher priced homes
- Monteview, ID: equally priced homes
- Osage, TX: equally priced homes
- Olive Branch, IL: less expensive homes
- North Turner, ME: higher priced homes
- North Palermo, ME: equally priced homes
- Nixonton, NC: higher priced homes
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