Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the Canadian Lakes area can be challenging. Home prices in Canadian Lakes are now at a median cost of $203,417, higher than the Michigan average of $196,062.
The average cost of rent is $554/mo in Canadian Lakes, primarily driven by the current value of real estate in the Canadian Lakes area. While nearly 44.87% of residents own their homes outright in Canadian Lakes, 12.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Canadian Lakes is $4,843 per month. Households that rent pay about 11.44% of their income on rent here. Canadian Lakes's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Mecosta, MI: less expensive homes
- Sylvester, MI: less expensive homes
- Stanwood, MI: less expensive homes
- Rodney, MI: less expensive homes
- Morley, MI: less expensive homes
- Remus, MI: less expensive homes
- Lakeview, MI: less expensive homes
- Millbrook, MI: less expensive homes
- Big Rapids, MI: less expensive homes
- Chippewa Lake, MI: less expensive homes
Cities with Similar Populations
- Bethel, PA: equally priced homes
- Bracey, VA: higher priced homes
- Claremont, IL: less expensive homes
- Patrick, SC: less expensive homes
- Alford, FL: less expensive homes
- Mesick, MI: less expensive homes
- Midland, VA: higher priced homes
- Montgomery, MI: less expensive homes
- Monticello, WI: equally priced homes
- Nice, CA: less expensive homes
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