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These days, finding an affordable place to live in the Caledonia area can be challenging. Home prices in Caledonia are now at a median cost of $343,638, higher than the Michigan average of $250,415.
The average cost of rent is $1,439/mo in Caledonia, primarily driven by the current value of real estate in the Caledonia area. In Caledonia, 13.75% of households rent, and 36.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Caledonia is $9,095 per month. Households that rent pay about 15.82% of their income on rent here. Caledonia’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dutton, MI: higher priced homes
- Kentwood, MI: less expensive homes
- McCords, MI: higher priced homes
- Cutlerville, MI: less expensive homes
- Corinth, MI: higher priced homes
- Moline, MI: equally priced homes
- Alto, MI: higher priced homes
- Byron Center, MI: equally priced homes
- Middleville, MI: equally priced homes
- Wyoming, MI: less expensive homes
Cities with Similar Populations
- Absecon, NJ: less expensive homes
- Zebulon, NC: less expensive homes
- Zachary, LA: less expensive homes
- Yulee, FL: equally priced homes
- Vidor, TX: less expensive homes
- Versailles, KY: less expensive homes
- Tumwater, WA: higher priced homes
- Trotwood, OH: less expensive homes
- Tipp City, OH: equally priced homes
- Boaz, AL: less expensive homes
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