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These days, finding an affordable place to live in the Cedar Springs area can be challenging. Home prices in Cedar Springs are now at a median cost of $261,106, higher than the Michigan average of $250,415.
The average cost of rent is $1,134/mo in Cedar Springs, primarily driven by the current value of real estate in the Cedar Springs area. In Cedar Springs, 12.94% of households rent, and 40.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Springs is $6,785 per month. Households that rent pay about 16.71% of their income on rent here. Cedar Springs’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Edgerton, MI: higher priced homes
- Sand Lake, MI: less expensive homes
- Evans, MI: higher priced homes
- Rockford, MI: higher priced homes
- Sparta, MI: equally priced homes
- Pierson, MI: equally priced homes
- Kent City, MI: equally priced homes
- Belmont, MI: higher priced homes
- Cannonsburg, MI: higher priced homes
- Gowen, MI: equally priced homes
Cities with Similar Populations
- Angeles, PR: less expensive homes
- Stone Ridge, VA: higher priced homes
- La Grande, OR: higher priced homes
- Kittanning, PA: less expensive homes
- Kingston, MA: higher priced homes
- St. Albans, VT: higher priced homes
- St. Johns, MI: less expensive homes
- Kewanee, IL: less expensive homes
- St. Martinville, LA: less expensive homes
- St. Peter, MN: higher priced homes
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