Home Price Key
Affordable
Average
Expensive
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 $125,936, lower than the Michigan average of $196,062.
The average cost of rent is $726/mo in Grayling, primarily driven by the current value of real estate in the Grayling area. While nearly 38.41% of residents own their homes outright in Grayling, 21.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Grayling is $4,826 per month. Households that rent pay about 15.04% of their income on rent here. Grayling's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Lake Margrethe, MI: less expensive homes
- McIntyre Landing, MI: higher priced homes
- Frederic, MI: equally priced homes
- Roscommon, MI: equally priced homes
- Higgins Lake, MI: equally priced homes
- Waters, MI: higher priced homes
- Lovells, MI: equally priced homes
- Otsego Lake, MI: higher priced homes
- Lodi, MI: equally 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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