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These days, finding an affordable place to live in the Hamilton area can be challenging. Home prices in Hamilton are now at a median cost of $338,422, higher than the Michigan average of $250,415.
The average cost of rent is $1,231/mo in Hamilton, primarily driven by the current value of real estate in the Hamilton area. In Hamilton, 4.32% of households rent, and 42.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamilton is $8,291 per month. Households that rent pay about 14.84% of their income on rent here. Hamilton’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Diamond Springs, MI: less expensive homes
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- Overisel, MI: equally priced homes
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- Fillmore, MI: less expensive homes
- East Saugatuck, MI: equally priced homes
- Drenthe, MI: equally priced homes
- Burnips, MI: less expensive homes
- New Richmond, MI: less expensive homes
- Millgrove, MI: less expensive homes
Cities with Similar Populations
- Ocilla, GA: less expensive homes
- Paulding, OH: less expensive homes
- Pascoag, RI: higher priced homes
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- Parma, ID: higher priced homes
- Parkesburg, PA: equally priced homes
- Oneida, TN: less expensive homes
- Onalaska, TX: less expensive homes
- Omro, WI: less expensive homes
- Old Greenwich, CT: higher priced homes
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