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These days, finding an affordable place to live in the Drummond Island area can be challenging. Home prices in Drummond Island are now at a median cost of $230,143, lower than the Michigan average of $250,415.
The average cost of rent is $495/mo in Drummond Island, primarily driven by the current value of real estate in the Drummond Island area. In Drummond Island, 5.99% of households rent, and 50.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Drummond Island is $5,527 per month. Households that rent pay about 8.95% of their income on rent here. Drummond Island’s most expensive areas are in the southwestern 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
- DeTour Village, MI: higher priced homes
- Goetzville, MI: less expensive homes
- Stalwart, MI: less expensive homes
- Cedarville, MI: equally priced homes
- Barbeau, MI: less expensive homes
- Pickford, MI: less expensive homes
- Homestead, MI: less expensive homes
- Hessel, MI: less expensive homes
- Rosedale, MI: less expensive homes
- Kincheloe, MI: less expensive homes
Cities with Similar Populations
- Anthon, IA: less expensive homes
- Ocee, TX: higher priced homes
- Perdido Beach, AL: higher priced homes
- Penn, PA: less expensive homes
- Penfield, OH: higher priced homes
- Pecks Mill, WV: less expensive homes
- Payne Gap, KY: less expensive homes
- Olivier, LA: less expensive homes
- Olin, IA: less expensive homes
- Oden, AR: less expensive homes
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