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Affordable
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These days, finding an affordable place to live in the Eagle River area can be challenging. Home prices in Eagle River are now at a median cost of $115,200, lower than the Michigan average of $250,415.
The average cost of rent is $674/mo in Eagle River, primarily driven by the current value of real estate in the Eagle River area. In Eagle River, 14.38% of households rent, and 59.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Eagle River is $4,032 per month. Households that rent pay about 16.72% of their income on rent here. Eagle River’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mohawk, MI: higher priced homes
- Allouez, MI: higher priced homes
- Ahmeek, MI: equally priced homes
- Lac La Belle, MI: higher priced homes
- Bumbletown, MI: equally priced homes
- Copper City, MI: higher priced homes
- Phillipsville, MI: higher priced homes
- Kearsarge, MI: equally priced homes
- Centennial Heights, MI: higher priced homes
- Laurium, MI: equally priced homes
Cities with Similar Populations
- North Riverside, SD: equally priced homes
- Popple River, WI: higher priced homes
- Pompey Center, NY: higher priced homes
- Pollock, ND: higher priced homes
- Point Mugu Nawc, CA: higher priced homes
- Point Breeze, NY: higher priced homes
- Petersburg, WI: higher priced homes
- Pequaming, MI: higher priced homes
- Pegram, ID: higher priced homes
- Oakwood, TN: higher priced homes
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