Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fortune Lake area can be challenging. Home prices in Fortune Lake are now at a median cost of $139,828, lower than the Michigan average of $196,062.
The average cost of rent is $1,121/mo in Fortune Lake, primarily driven by the current value of real estate in the Fortune Lake area. While nearly 56.12% of residents own their homes outright in Fortune Lake, 6.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fortune Lake is $3,342 per month. Households that rent pay about 33.53% of their income on rent here. Fortune Lake's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Crystal Falls, MI: less expensive homes
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- Caspian, MI: less expensive homes
Cities with Similar Populations
- McCance, PA: higher priced homes
- Louisburg, MN: higher priced homes
- Lula, MS: higher priced homes
- Lund, NV: higher priced homes
- Lynxville, WI: higher priced homes
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- Marengo, NY: less expensive homes
- Margarettsville, NC: less expensive homes
- Maromas, CT: higher priced homes
- Maxim, GA: higher priced homes
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