Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hersey area can be challenging. Home prices in Hersey are now at a median cost of $104,256, lower than the Michigan average of $196,062.
The average cost of rent is $736/mo in Hersey, primarily driven by the current value of real estate in the Hersey area. While nearly 56.81% of residents own their homes outright in Hersey, 17.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hersey is $4,358 per month. Households that rent pay about 16.88% of their income on rent here. Hersey's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Reed City, MI: equally priced homes
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- Grant Center, MI: equally priced homes
- Paris, MI: equally priced homes
- Evart, MI: equally priced homes
- Hawkins, MI: higher priced homes
- Chase, MI: equally priced homes
- Chippewa Lake, MI: equally priced homes
- Big Rapids, MI: higher priced homes
- Le Roy, MI: higher priced homes
Cities with Similar Populations
- Surry, VA: higher priced homes
- Crescent Springs, KY: higher priced homes
- Elton, LA: equally priced homes
- Van Vleck, TX: higher priced homes
- Uvalda, GA: less expensive homes
- Union, OR: higher priced homes
- Thaxton, VA: higher priced homes
- Hawi, HI: higher priced homes
- Hayden, CO: higher priced homes
- Taft, FL: higher priced homes
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