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These days, finding an affordable place to live in the Cement City area can be challenging. Home prices in Cement City are now at a median cost of $211,316, lower than the Michigan average of $250,415.
The average cost of rent is $1,055/mo in Cement City, primarily driven by the current value of real estate in the Cement City area. In Cement City, 11.82% of households rent, and 47.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cement City is $5,865 per month. Households that rent pay about 17.99% of their income on rent here. Cement City’s most expensive areas are in the southwestern 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
- Somerset, MI: higher priced homes
- Somerset Center, MI: higher priced homes
- Clarklake, MI: higher priced homes
- Addison, MI: equally priced homes
- Jefferson, MI: equally priced homes
- Cambridge Junction, MI: higher priced homes
- Jerome, MI: higher priced homes
- Brooklyn, MI: higher priced homes
- Liberty, MI: higher priced homes
- Manitou Beach, MI: higher priced homes
Cities with Similar Populations
- Arena, WI: higher priced homes
- Atkins, VA: less expensive homes
- Bethany, LA: equally priced homes
- Bloomville, OH: less expensive homes
- Boling, TX: equally priced homes
- Willsboro, NY: equally priced homes
- West Milford, WV: less expensive homes
- Bridgewater, CT: higher priced homes
- Wellston, MO: less expensive homes
- Buttonwillow, CA: higher priced homes
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