Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fayette area can be challenging. Home prices in Fayette are now at a median cost of $163,599, lower than the Michigan average of $196,062.
The average cost of rent is $736/mo in Fayette, primarily driven by the current value of real estate in the Fayette area. While nearly 48.28% of residents own their homes outright in Fayette, 5.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fayette is $4,949 per month. Households that rent pay about 14.88% of their income on rent here. Fayette's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Fairport, MI: less expensive homes
- Minor Beach, MI: higher priced homes
- Cooks, MI: equally priced homes
- Sunset Beach, MI: higher priced homes
- Ossawinamakee Beach, MI: equally priced homes
- Thompson, MI: equally priced homes
- Manistique, MI: less expensive homes
- Garden Corners, MI: less expensive homes
- Isabella, MI: less expensive homes
- Nahma, MI: less expensive homes
Cities with Similar Populations
- Brownsville, SC: less expensive homes
- Wellwood, TN: less expensive homes
- Wayne, NY: higher priced homes
- Watoga, WV: less expensive homes
- Campbell Creek, NC: less expensive homes
- Byrds, TX: less expensive homes
- Byrds Creek, WI: equally priced homes
- Burr Oak, OH: less expensive homes
- Buffalo City, NC: equally priced homes
- Buckskin Joe, CO: higher priced homes
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