The Most Affordable Neighborhoods in Harbor Springs, MI by Home Value

 

Harbor Springs, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Harbor Springs area can be challenging. Home prices in Harbor Springs are now at a median cost of $274,269, higher than the Michigan average of $196,062.

The average cost of rent is $1,012/mo in Harbor Springs, primarily driven by the current value of real estate in the Harbor Springs area. While nearly 46.30% of residents own their homes outright in Harbor Springs, 13.83% rent.

Housing affordability isn’t just about home prices, though. The average household income in Harbor Springs is $6,067 per month. Households that rent pay about 16.69% of their income on rent here. Harbor Springs's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.


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