Expensive
Affordable
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These days, finding an affordable place to live in the Hessel area can be challenging. Home prices in Hessel are now at a median cost of $182,816, lower than the Michigan average of $250,415.
The average cost of rent is $709/mo in Hessel, primarily driven by the current value of real estate in the Hessel area. In Hessel, 18.80% of households rent, and 57.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hessel is $4,688 per month. Households that rent pay about 15.12% of their income on rent here. Hessel’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cedarville, MI: higher priced homes
- Pickford, MI: equally priced homes
- Stalwart, MI: less expensive homes
- Dryburg, MI: less expensive homes
- Mackinac Island, MI: higher priced homes
- Kinross, MI: less expensive homes
- Rudyard, MI: less expensive homes
- Kincheloe, MI: less expensive homes
- St. Ignace, MI: equally priced homes
- Goetzville, MI: less expensive homes
Cities with Similar Populations
- Hill City, GA: less expensive homes
- Salmon, TX: higher priced homes
- Runge, TX: less expensive homes
- Leetsdale, PA: less expensive homes
- Lanesboro, MN: higher priced homes
- Kenmare, ND: less expensive homes
- Inverness, MS: less expensive homes
- Immaculata, PA: higher priced homes
- Illiopolis, IL: less expensive homes
- Hughes, AR: less expensive homes
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