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These days, finding an affordable place to live in the Cedar River area can be challenging. Home prices in Cedar River are now at a median cost of $203,491, lower than the Michigan average of $250,415.
The average cost of rent is $715/mo in Cedar River, primarily driven by the current value of real estate in the Cedar River area. In Cedar River, 17.03% of households rent, and 54.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar River is $5,673 per month. Households that rent pay about 12.60% of their income on rent here. Cedar River’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fox, MI: less expensive homes
- Talbot, MI: equally priced homes
- Daggett, MI: less expensive homes
- Stephenson, MI: less expensive homes
- Ingalls, MI: less expensive homes
- Carney, MI: equally priced homes
- Wallace, MI: equally priced homes
- Nadeau, MI: less expensive homes
- Longrie, MI: less expensive homes
- Banat, MI: less expensive homes
Cities with Similar Populations
- Hissop, AL: less expensive homes
- Shiloh, AR: less expensive homes
- Shockoe, VA: less expensive homes
- Shumansville, VA: higher priced homes
- Shumla, NY: less expensive homes
- Sickles, MI: less expensive homes
- Siloam, MD: less expensive homes
- Silver Star, MT: higher priced homes
- Sinai, KY: equally priced homes
- Sixes, OR: higher priced homes
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