Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chelsea area can be challenging. Home prices in Chelsea are now at a median cost of $295,131, higher than the Michigan average of $196,062.
The average cost of rent is $1,532/mo in Chelsea, primarily driven by the current value of real estate in the Chelsea area. While nearly 35.12% of residents own their homes outright in Chelsea, 19.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chelsea is $7,243 per month. Households that rent pay about 21.15% of their income on rent here. Chelsea's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lima Center, MI: equally priced homes
- Waterloo, MI: equally priced homes
- Unadilla, MI: less expensive homes
- Dexter, MI: higher priced homes
- Hudson Mills, MI: higher priced homes
- Hell, MI: equally priced homes
- Grass Lake, MI: less expensive homes
- Trist, MI: less expensive homes
- Gregory, MI: less expensive homes
- Williamsville, MI: less expensive homes
Cities with Similar Populations
- Maysville, KY: less expensive homes
- Norwich, NY: less expensive homes
- Northport, NY: higher priced homes
- North Valley, NM: less expensive homes
- North Merrick, NY: higher priced homes
- North Haledon, NJ: higher priced homes
- North Billerica, MA: higher priced homes
- North Bellport, NY: higher priced homes
- Nokomis, FL: higher priced homes
- Noble, OK: less expensive homes
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