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These days, finding an affordable place to live in the Grayling area can be challenging. Home prices in Grayling are now at a median cost of $164,053, lower than the Michigan average of $250,415.
The average cost of rent is $888/mo in Grayling, primarily driven by the current value of real estate in the Grayling area. In Grayling, 25.48% of households rent, and 48.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grayling is $4,951 per month. Households that rent pay about 17.94% of their income on rent here. Grayling’s most expensive areas are in the western 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
- Lake Margrethe, MI: less expensive homes
- McIntyre Landing, MI: higher priced homes
- Frederic, MI: higher priced homes
- Roscommon, MI: higher priced homes
- Higgins Lake, MI: higher priced homes
- Waters, MI: higher priced homes
- Lovells, MI: higher priced homes
- Otsego Lake, MI: higher priced homes
- Lodi, MI: higher priced homes
- O'neil, MI: higher priced homes
Cities with Similar Populations
- Homer, AK: higher priced homes
- Southampton, NY: higher priced homes
- South Hamilton, MA: higher priced homes
- Sound Beach, NY: higher priced homes
- Skaneateles, NY: higher priced homes
- Silver Springs, FL: less expensive homes
- Indian Head, MD: higher priced homes
- Independence, OH: higher priced homes
- Independence, IA: higher priced homes
- Southgate, FL: higher priced homes
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