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These days, finding an affordable place to live in the Frankenmuth area can be challenging. Home prices in Frankenmuth are now at a median cost of $318,189, higher than the Michigan average of $250,415.
The average cost of rent is $1,027/mo in Frankenmuth, primarily driven by the current value of real estate in the Frankenmuth area. In Frankenmuth, 23.44% of households rent, and 51.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frankenmuth is $8,410 per month. Households that rent pay about 12.21% of their income on rent here. Frankenmuth’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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