Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gibbs City area can be challenging. Home prices in Gibbs City are now at a median cost of $117,600, lower than the Michigan average of $196,062.
The average cost of rent is $567/mo in Gibbs City, primarily driven by the current value of real estate in the Gibbs City area. While nearly 60.51% of residents own their homes outright in Gibbs City, 3.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gibbs City is $3,351 per month. Households that rent pay about 16.92% of their income on rent here. Gibbs City's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Mineral Hills, MI: less expensive homes
- Beechwood, MI: equally priced homes
- Iron River, MI: less expensive homes
- Stambaugh, MI: less expensive homes
- Amasa, MI: equally priced homes
- Caspian, MI: less expensive homes
- Gaastra, MI: less expensive homes
- Scott Lake, MI: less expensive homes
- Fortune Lake, MI: higher priced homes
- Sidnaw, MI: less expensive homes
Cities with Similar Populations
- Seven Sisters, TX: less expensive homes
- Lumber City, PA: equally priced homes
- Luther, TX: equally priced homes
- Scofield, OR: higher priced homes
- Seager, NY: higher priced homes
- Sebring, PA: higher priced homes
- Seeneytown, DE: higher priced homes
- Selman, OK: less expensive homes
- Seneca, SD: less expensive homes
- Seney, MI: equally priced homes
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