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Affordable
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These days, finding an affordable place to live in the Henderson area can be challenging. Home prices in Henderson are now at a median cost of $187,018, lower than the Michigan average of $250,415.
The average cost of rent is $1,160/mo in Henderson, primarily driven by the current value of real estate in the Henderson area. In Henderson, 11.75% of households rent, and 54.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Henderson is $5,589 per month. Households that rent pay about 20.75% of their income on rent here. Henderson’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakley, MI: less expensive homes
- Easton, MI: equally priced homes
- Fenmore, MI: less expensive homes
- Owosso, MI: less expensive homes
- Chesaning, MI: less expensive homes
- Elsie, MI: equally priced homes
- Brant, MI: less expensive homes
- Corunna, MI: equally priced homes
- Ovid, MI: equally priced homes
- Bannister, MI: less expensive homes
Cities with Similar Populations
- Underwood, IA: higher priced homes
- Elwood, UT: higher priced homes
- Estell Manor, NJ: higher priced homes
- Farmington, WV: less expensive homes
- Farnham, VA: higher priced homes
- Fort Greely, AK: higher priced homes
- West Alexander, PA: higher priced homes
- Guys Mills, PA: less expensive homes
- Hancock, NH: higher priced homes
- Hartman, AR: less expensive homes
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