Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Commerce Township area can be challenging. Home prices in Commerce Township are now at a median cost of $308,043, higher than the Michigan average of $196,062.
The average cost of rent is $1,353/mo in Commerce Township, primarily driven by the current value of real estate in the Commerce Township area. While nearly 29.29% of residents own their homes outright in Commerce Township, 6.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Commerce Township is $10,033 per month. Households that rent pay about 13.48% of their income on rent here. Commerce Township's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Wolverine Lake, MI: equally priced homes
- Walled Lake, MI: less expensive homes
- White Lake, MI: less expensive homes
- Wixom, MI: less expensive homes
- West Bloomfield, MI: higher priced homes
- Orchard Lake Village, MI: higher priced homes
- Milford, MI: higher priced homes
- Waterford, MI: less expensive homes
- Highland, MI: less expensive homes
- Novi, MI: higher priced homes
Cities with Similar Populations
- Aberdeen, MD: less expensive homes
- Washington, IL: less expensive homes
- Washington, MI: higher priced homes
- Bastrop, TX: less expensive homes
- Westford, MA: higher priced homes
- Willmar, MN: less expensive homes
- Augusta, ME: less expensive homes
- Athens, TN: less expensive homes
- Arden, NC: equally priced homes
- Antioch, IL: less expensive homes
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