Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ford River area can be challenging. Home prices in Ford River are now at a median cost of $143,649, lower than the Michigan average of $196,062.
The average cost of rent is $694/mo in Ford River, primarily driven by the current value of real estate in the Ford River area. While nearly 48.68% of residents own their homes outright in Ford River, 12.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ford River is $5,178 per month. Households that rent pay about 13.40% of their income on rent here. Ford River's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Escanaba, MI: less expensive homes
- Wells, MI: equally priced homes
- Bark River, MI: equally priced homes
- Island View, MI: less expensive homes
- Tesch, MI: equally priced homes
- Riverland, MI: equally priced homes
- Groos, MI: higher priced homes
- Schaffer, MI: equally priced homes
- Harris, MI: higher priced homes
- Stonington, MI: higher priced homes
Cities with Similar Populations
- Cranfills Gap, TX: higher priced homes
- Vida, MO: equally priced homes
- Verdi, TX: higher priced homes
- Upper Wheatfields, AZ: less expensive homes
- Unadilla, NE: higher priced homes
- Duncombe, IA: equally priced homes
- Dublin, NC: less expensive homes
- Dialville, TX: equally priced homes
- DeValls Bluff, AR: less expensive homes
- Detroit Beach, MI: higher priced homes
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