Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Frederic area can be challenging. Home prices in Frederic are now at a median cost of $129,493, lower than the Michigan average of $196,062.
The average cost of rent is $773/mo in Frederic, primarily driven by the current value of real estate in the Frederic area. While nearly 39.43% of residents own their homes outright in Frederic, 13.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Frederic is $5,348 per month. Households that rent pay about 14.45% of their income on rent here. Frederic's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Waters, MI: higher priced homes
- Otsego Lake, MI: higher priced homes
- McIntyre Landing, MI: higher priced homes
- Grayling, MI: equally priced homes
- Lake Margrethe, MI: less expensive homes
- Lovells, MI: equally priced homes
- Eyedylwild Beach, MI: higher priced homes
- Oak Grove, MI: higher priced homes
- Leetsville, MI: higher priced homes
- Gaylord, MI: higher priced homes
Cities with Similar Populations
- Hickman, CA: higher priced homes
- Wadsworth, NV: higher priced homes
- Hutchison, KY: higher priced homes
- Huntley, MT: higher priced homes
- Wagarville, MI: less expensive homes
- Hooverson Heights, WV: less expensive homes
- Hilltop Lakes, TX: higher priced homes
- Hill City, MN: higher priced homes
- Hildreth, FL: less expensive homes
- Kimbrell, AL: higher priced homes
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