The Most Affordable Neighborhoods in Gros Cap, MI by Home Value

 

Gros Cap, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gros Cap area can be challenging. Home prices in Gros Cap are now at a median cost of $235,356, lower than the Michigan average of $250,415.

The average cost of rent is $1,038/mo in Gros Cap, primarily driven by the current value of real estate in the Gros Cap area. In Gros Cap, 21.25% of households rent, and 45.55% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gros Cap is $6,368 per month. Households that rent pay about 16.30% of their income on rent here. Gros Cap’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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