The Most Affordable Neighborhoods in Fair Plain, MI by Home Value

 

Fair Plain, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Fair Plain area can be challenging. Home prices in Fair Plain are now at a median cost of $112,830, lower than the Michigan average of $196,062.

The average cost of rent is $921/mo in Fair Plain, primarily driven by the current value of real estate in the Fair Plain area. While nearly 21.45% of residents own their homes outright in Fair Plain, 31.93% rent.

Housing affordability isn’t just about home prices, though. The average household income in Fair Plain is $4,592 per month. Households that rent pay about 20.06% of their income on rent here. Fair Plain's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.


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