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These days, finding an affordable place to live in the Canada Shores area can be challenging. Home prices in Canada Shores are now at a median cost of $309,390, higher than the Michigan average of $196,062.
The average cost of rent is $695/mo in Canada Shores, primarily driven by the current value of real estate in the Canada Shores area. While nearly 39.58% of residents own their homes outright in Canada Shores, 9.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Canada Shores is $5,990 per month. Households that rent pay about 11.61% of their income on rent here. Canada Shores's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
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