Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Castle Park area can be challenging. Home prices in Castle Park are now at a median cost of $490,000, higher than the Michigan average of $196,062.
The average cost of rent is $931/mo in Castle Park, primarily driven by the current value of real estate in the Castle Park area. While nearly 41.67% of residents own their homes outright in Castle Park, 7.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Castle Park is $6,544 per month. Households that rent pay about 14.23% of their income on rent here. Castle Park's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
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