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These days, finding an affordable place to live in the Cathro area can be challenging. Home prices in Cathro are now at a median cost of $172,661, lower than the Michigan average of $250,415.
The average cost of rent is $705/mo in Cathro, primarily driven by the current value of real estate in the Cathro area. In Cathro, 12.96% of households rent, and 48.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cathro is $4,850 per month. Households that rent pay about 14.54% of their income on rent here. Cathro’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alpena Junction, MI: higher priced homes
- Alpena, MI: less expensive homes
- Bell, MI: higher priced homes
- Herron, MI: equally priced homes
- Posen, MI: equally priced homes
- Presque Isle, MI: higher priced homes
- Lachine, MI: equally priced homes
- Spratt, MI: equally priced homes
- Metz, MI: less expensive homes
- Liske, MI: equally priced homes
Cities with Similar Populations
- Alexander, NY: equally priced homes
- Lozes, LA: less expensive homes
- Mineral Point, PA: equally priced homes
- Rushville, OH: higher priced homes
- Etna, OH: higher priced homes
- East Point, KY: less expensive homes
- Talkeetna, AK: higher priced homes
- Conway Springs, KS: equally priced homes
- Talona, GA: higher priced homes
- Clymer, NY: equally priced homes
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