Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hancock area can be challenging. Home prices in Hancock are now at a median cost of $146,795, lower than the Michigan average of $196,062.
The average cost of rent is $790/mo in Hancock, primarily driven by the current value of real estate in the Hancock area. While nearly 50.17% of residents own their homes outright in Hancock, 33.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hancock is $4,473 per month. Households that rent pay about 17.66% of their income on rent here. Hancock's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Houghton, MI: higher priced homes
- Dodgeville, MI: higher priced homes
- Atlantic Mine, MI: higher priced homes
- Dollar Bay, MI: higher priced homes
- Schmidt Corner, MI: higher priced homes
- Oskar, MI: higher priced homes
- South Range, MI: less expensive homes
- Trimountain, MI: less expensive homes
- Hubbell, MI: less expensive homes
- Senter, MI: higher priced homes
Cities with Similar Populations
- Oak Harbor, OH: equally priced homes
- Penns Grove, NJ: equally priced homes
- Penngrove, CA: higher priced homes
- Pembroke, GA: equally priced homes
- Pelican Rapids, MN: higher priced homes
- Pelham Manor, NY: higher priced homes
- Peebles, OH: less expensive homes
- Oakland, ME: higher priced homes
- Oakboro, NC: higher priced homes
- Oak View, CA: higher priced homes
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