Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Herron area can be challenging. Home prices in Herron are now at a median cost of $118,810, lower than the Michigan average of $196,062.
The average cost of rent is $843/mo in Herron, primarily driven by the current value of real estate in the Herron area. While nearly 56.63% of residents own their homes outright in Herron, 8.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Herron is $4,235 per month. Households that rent pay about 19.90% of their income on rent here. Herron's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Spratt, MI: equally priced homes
- Lachine, MI: equally priced homes
- Hubbard Lake, MI: higher priced homes
- Alpena, MI: equally priced homes
- Cathro, MI: equally priced homes
- Ossineke, MI: less expensive homes
- Alpena Junction, MI: higher priced homes
- Spruce, MI: higher priced homes
- Hillman, MI: less expensive homes
- Posen, MI: equally priced homes
Cities with Similar Populations
- Winn, MI: equally priced homes
- Wheeler, WI: higher priced homes
- Freedom, NY: equally priced homes
- Essex, IA: less expensive homes
- Emery, SD: higher priced homes
- Elmdale, MI: higher priced homes
- Wilmington, NY: higher priced homes
- Eldorado, NC: higher priced homes
- Economy, IN: equally priced homes
- West Baldwin, ME: higher priced homes
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