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These days, finding an affordable place to live in the Gresham area can be challenging. Home prices in Gresham are now at a median cost of $225,800, lower than the Michigan average of $250,415.
The average cost of rent is $1,048/mo in Gresham, primarily driven by the current value of real estate in the Gresham area. In Gresham, 6.70% of households rent, and 47.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gresham is $6,195 per month. Households that rent pay about 16.92% of their income on rent here. Gresham’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chester, MI: less expensive homes
- Needmore, MI: higher priced homes
- Vermontville, MI: less expensive homes
- Little Venice, MI: equally priced homes
- Charlotte, MI: less expensive homes
- Carlisle, MI: equally priced homes
- Mulliken, MI: equally priced homes
- Potterville, MI: less expensive homes
- Sunfield, MI: equally priced homes
- Nashville, MI: less expensive homes
Cities with Similar Populations
- Phalanx, OH: less expensive homes
- North Ridge, NY: higher priced homes
- North Vinemont, AL: less expensive homes
- North Waldoboro, ME: higher priced homes
- Northpoint, TN: higher priced homes
- Northrup, TX: equally priced homes
- Oak Center, MN: higher priced homes
- Oakley, IL: equally priced homes
- Ollie, IA: less expensive homes
- Palopinto, MO: equally priced homes
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