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Affordable
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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 $210,324, lower than the Michigan average of $250,415.
The average cost of rent is $1,192/mo in Burt Lake, primarily driven by the current value of real estate in the Burt Lake area. In Burt Lake, 13.17% of households rent, and 43.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Burt Lake is $5,699 per month. Households that rent pay about 20.91% of their income on rent here. Burt Lake’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alanson, MI: higher priced homes
- Indian River, MI: higher priced homes
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- Epsilon, MI: higher priced homes
- Oden, MI: equally priced homes
- Conway, MI: higher priced homes
- Long Point, MI: higher priced homes
- Birchwood, MI: equally priced homes
- Wildwood, MI: higher priced homes
Cities with Similar Populations
- Zena, OK: equally priced homes
- Yelvington, KY: less expensive homes
- Alto Pass, IL: equally priced homes
- Ashford, WA: higher priced homes
- Monteview, ID: equally priced homes
- Osage, TX: higher priced homes
- Olive Branch, IL: less expensive homes
- North Turner, ME: higher priced homes
- North Palermo, ME: higher priced homes
- Nixonton, NC: equally priced homes
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