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These days, finding an affordable place to live in the Gratiot area can be challenging. Home prices in Gratiot are now at a median cost of $263,089, higher than the Ohio average of $236,816.
The average cost of rent is $1,401/mo in Gratiot, primarily driven by the current value of real estate in the Gratiot area. In Gratiot, 15.74% of households rent, and 26.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gratiot is $7,652 per month. Households that rent pay about 18.30% of their income on rent here. Gratiot’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brownsville, OH: higher priced homes
- Hopewell, OH: less expensive homes
- Mount Perry, OH: equally priced homes
- Linnville, OH: higher priced homes
- Glenford, OH: equally priced homes
- Yost, OH: equally priced homes
- Dillon Falls, OH: less expensive homes
- Fultonham, OH: less expensive homes
- White Cottage, OH: less expensive homes
- Hanover, OH: less expensive homes
Cities with Similar Populations
- Aldrich, MN: less expensive homes
- Athol, NY: less expensive homes
- Atalissa, IA: less expensive homes
- Arnold, OH: higher priced homes
- Arlington, KS: less expensive homes
- Arivaca, AZ: less expensive homes
- Arimo, ID: higher priced homes
- Arcadia, KS: less expensive homes
- Arbyrd, MO: less expensive homes
- Altoona, KS: less expensive homes
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