Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chippewa Lake area can be challenging. Home prices in Chippewa Lake are now at a median cost of $110,132, lower than the Michigan average of $196,062.
The average cost of rent is $785/mo in Chippewa Lake, primarily driven by the current value of real estate in the Chippewa Lake area. While nearly 59.89% of residents own their homes outright in Chippewa Lake, 16.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chippewa Lake is $4,288 per month. Households that rent pay about 18.30% of their income on rent here. Chippewa Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Rodney, MI: equally priced homes
- Pogy, MI: equally priced homes
- Barryton, MI: less expensive homes
- Grant Center, MI: equally priced homes
- Mecosta, MI: higher priced homes
- Sherman City, MI: less expensive homes
- Sears, MI: equally priced homes
- Hersey, MI: equally priced homes
- Evart, MI: equally priced homes
- Big Rapids, MI: higher priced homes
Cities with Similar Populations
- Bay Port, MI: equally priced homes
- Bassett, NE: less expensive homes
- Westover, PA: less expensive homes
- Pierson, IA: higher priced homes
- Plainfield, IA: higher priced homes
- Pickensville, AL: higher priced homes
- Peever, SD: higher priced homes
- Parkin, AR: less expensive homes
- Palmer, NE: higher priced homes
- Paint Rock, TN: higher priced homes
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