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These days, finding an affordable place to live in the Grand Island area can be challenging. Home prices in Grand Island are now at a median cost of $296,501, lower than the Florida average of $396,783.
The average cost of rent is $1,810/mo in Grand Island, primarily driven by the current value of real estate in the Grand Island area. In Grand Island, 6.95% of households rent, and 36.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grand Island is $6,714 per month. Households that rent pay about 26.96% of their income on rent here. Grand Island’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Orange Bend, FL: less expensive homes
- Umatilla, FL: less expensive homes
- Eustis, FL: equally priced homes
- Tavares, FL: equally priced homes
- Silver Beach Heights, FL: equally priced homes
- Sunnyside, FL: equally priced homes
- Leesburg, FL: less expensive homes
- Mount Dora, FL: higher priced homes
- Altoona, FL: less expensive homes
- Pittman, FL: less expensive homes
Cities with Similar Populations
- Hortonville, WI: equally priced homes
- Blairstown, NJ: higher priced homes
- Blakely, GA: less expensive homes
- Blakely, PA: less expensive homes
- Blanchard, LA: less expensive homes
- Blanchester, OH: less expensive homes
- Huron, CA: less expensive homes
- Huntington, TX: less expensive homes
- Hunlock Creek, PA: less expensive homes
- Bladenboro, NC: less expensive homes
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