Home Price Key
Affordable
Average
Expensive
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 $118,001, lower than the Michigan average of $196,062.
The average cost of rent is $746/mo in Hessel, primarily driven by the current value of real estate in the Hessel area. While nearly 51.35% of residents own their homes outright in Hessel, 28.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hessel is $3,590 per month. Households that rent pay about 20.77% of their income on rent here. Hessel's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Cedarville, MI: higher priced homes
- Pickford, MI: higher priced homes
- Stalwart, MI: equally priced homes
- Dryburg, MI: equally priced homes
- Mackinac Island, MI: higher priced homes
- Kinross, MI: equally priced homes
- Rudyard, MI: equally priced homes
- Kincheloe, MI: equally priced homes
- St. Ignace, MI: higher priced homes
- Goetzville, MI: equally priced homes
Cities with Similar Populations
- Hill City, GA: equally priced homes
- Salmon, TX: equally priced homes
- Runge, TX: less expensive homes
- Leetsdale, PA: less expensive homes
- Lanesboro, MN: higher priced homes
- Kenmare, ND: higher priced homes
- Inverness, MS: less expensive homes
- Immaculata, PA: higher priced homes
- Illiopolis, IL: equally priced homes
- Hughes, AR: less expensive homes
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