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Affordable
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These days, finding an affordable place to live in the Fern area can be challenging. Home prices in Fern are now at a median cost of $170,941, lower than the Michigan average of $250,415.
The average cost of rent is $769/mo in Fern, primarily driven by the current value of real estate in the Fern area. In Fern, 7.03% of households rent, and 60.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fern is $5,219 per month. Households that rent pay about 14.73% of their income on rent here. Fern’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Custer, MI: equally priced homes
- Wiley, MI: higher priced homes
- Walhalla, MI: less expensive homes
- Walkerville, MI: less expensive homes
- Scottville, MI: higher priced homes
- Branch, MI: equally priced homes
- Pine Grove Beach, MI: equally priced homes
- Tallman, MI: equally priced homes
- Pentwater, MI: higher priced homes
- Hart, MI: equally priced homes
Cities with Similar Populations
- Pinkston, NC: less expensive homes
- Panco, KY: less expensive homes
- Paradise Valley, NV: higher priced homes
- Park, KS: equally priced homes
- Parker Dam, CA: equally priced homes
- Parkersburg, IN: higher priced homes
- Personville, TX: higher priced homes
- Petran, MN: higher priced homes
- Pickettville, NY: less expensive homes
- Pilot Knob, TN: higher priced homes
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