Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Grand Marais area can be challenging. Home prices in Grand Marais are now at a median cost of $150,227, lower than the Michigan average of $196,062.
The average cost of rent is $717/mo in Grand Marais, primarily driven by the current value of real estate in the Grand Marais area. While nearly 65.61% of residents own their homes outright in Grand Marais, 16.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Grand Marais is $3,720 per month. Households that rent pay about 19.26% of their income on rent here. Grand Marais's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Seney, MI: less expensive homes
- Pine Stump Junction, MI: higher priced homes
- Melstrand, MI: equally priced homes
- Shingleton, MI: equally priced homes
- Fourmile Corner, MI: less expensive homes
- Mc Millan, MI: higher priced homes
- Germfask, MI: less expensive homes
- Van Meer, MI: equally priced homes
- Newberry, MI: less expensive homes
- Dollarville, MI: less expensive homes
Cities with Similar Populations
- Wesley, GA: less expensive homes
- Cornucopia, WI: higher priced homes
- Courtland, KS: less expensive homes
- Crane, MT: higher priced homes
- Wakita, OK: less expensive homes
- Wedron, IL: higher priced homes
- Welchland, TN: less expensive homes
- Weller, VA: less expensive homes
- Wequetequock, CT: higher priced homes
- Corning, KS: less expensive homes
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