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Affordable
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These days, finding an affordable place to live in the Elsie area can be challenging. Home prices in Elsie are now at a median cost of $184,756, lower than the Michigan average of $250,415.
The average cost of rent is $963/mo in Elsie, primarily driven by the current value of real estate in the Elsie area. In Elsie, 12.42% of households rent, and 51.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elsie is $5,777 per month. Households that rent pay about 16.68% of their income on rent here. Elsie’s most expensive areas are in the western 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
- Bannister, MI: less expensive homes
- Ovid, MI: equally priced homes
- Fenmore, MI: less expensive homes
- Shepardsville, MI: higher priced homes
- Ashley, MI: less expensive homes
- Henderson, MI: equally priced homes
- St. Johns, MI: higher priced homes
- Oakley, MI: less expensive homes
- Pompeii, MI: higher priced homes
- Marion Springs, MI: less expensive homes
Cities with Similar Populations
- Carlisle, IN: less expensive homes
- Thompson, CT: higher priced homes
- Linden, CA: higher priced homes
- Kiefer, OK: higher priced homes
- Verona, MS: less expensive homes
- Islamorada, FL: higher priced homes
- Homer, GA: higher priced homes
- Hamilton, IL: less expensive homes
- Flora, IN: equally priced homes
- Watkins Glen, NY: equally priced homes
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