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Affordable
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These days, finding an affordable place to live in the Gwinn area can be challenging. Home prices in Gwinn are now at a median cost of $132,252, lower than the Michigan average of $250,415.
The average cost of rent is $769/mo in Gwinn, primarily driven by the current value of real estate in the Gwinn area. In Gwinn, 34.63% of households rent, and 47.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gwinn is $5,131 per month. Households that rent pay about 14.99% of their income on rent here. Gwinn’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Little Lake, MI: higher priced homes
- New Swanzy, MI: higher priced homes
- K. I. Sawyer Air Force Base, MI: higher priced homes
- Austin, MI: higher priced homes
- Princeton, MI: higher priced homes
- Sands, MI: higher priced homes
- Skandia, MI: higher priced homes
- Green Garden, MI: higher priced homes
- McFarland, MI: higher priced homes
- Dukes, MI: higher priced homes
Cities with Similar Populations
- Ocean Shores, WA: higher priced homes
- Old Town, FL: equally priced homes
- Old Fort, NC: higher priced homes
- Old Fig Garden, CA: higher priced homes
- Old Bethpage, NY: higher priced homes
- Olathe, CO: higher priced homes
- Olalla, WA: higher priced homes
- Ojus, FL: higher priced homes
- Ogallala, NE: higher priced homes
- Oelwein, IA: less expensive homes
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