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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 $371,470, higher than the Michigan average of $250,415.
The average cost of rent is $1,699/mo in Chelsea, primarily driven by the current value of real estate in the Chelsea area. In Chelsea, 21.88% of households rent, and 31.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chelsea is $8,396 per month. Households that rent pay about 20.24% of their income on rent here. Chelsea’s most expensive areas are in the northeastern 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
- Lima Center, MI: equally priced homes
- Waterloo, MI: equally priced homes
- Unadilla, MI: less expensive homes
- Dexter, MI: higher priced homes
- Hudson Mills, MI: equally 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: equally priced 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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