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These days, finding an affordable place to live in the Dollar Bay area can be challenging. Home prices in Dollar Bay are now at a median cost of $235,133, lower than the Michigan average of $250,415.
The average cost of rent is $873/mo in Dollar Bay, primarily driven by the current value of real estate in the Dollar Bay area. In Dollar Bay, 17.92% of households rent, and 52.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Dollar Bay is $5,729 per month. Households that rent pay about 15.25% of their income on rent here. Dollar Bay’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Houghton, MI: equally priced homes
- Senter, MI: equally priced homes
- Hancock, MI: less expensive homes
- Dodgeville, MI: equally priced homes
- Hubbell, MI: less expensive homes
- Chassell, MI: less expensive homes
- Atlantic Mine, MI: equally priced homes
- Osceola, MI: less expensive homes
- Lake Linden, MI: less expensive homes
- South Range, MI: less expensive homes
Cities with Similar Populations
- Susquehanna, PA: less expensive homes
- Creekside, PA: less expensive homes
- Deer Trail, CO: higher priced homes
- Delta, AL: less expensive homes
- Encinal, TX: less expensive homes
- Ferguson, NC: less expensive homes
- Silverwood, MI: equally priced homes
- Spring Lake, FL: higher priced homes
- Stanfield, AZ: less expensive homes
- Starksboro, VT: higher priced homes
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