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Affordable
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These days, finding an affordable place to live in the Higgins Lake area can be challenging. Home prices in Higgins Lake are now at a median cost of $206,316, lower than the Michigan average of $250,415.
The average cost of rent is $843/mo in Higgins Lake, primarily driven by the current value of real estate in the Higgins Lake area. In Higgins Lake, 5.04% of households rent, and 48.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Higgins Lake is $6,194 per month. Households that rent pay about 13.61% of their income on rent here. Higgins Lake’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- East Liberty, OH: higher priced homes
- Tannersville, NY: higher priced homes
- Tall Timbers, MD: higher priced homes
- Summerhaven, NC: higher priced homes
- Stout, OH: less expensive homes
- Fajardo, PR: less expensive homes
- Emhouse, TX: higher priced homes
- Elmwood, NE: equally priced homes
- Elka Park, NY: higher priced homes
- Eldridge, MO: less expensive homes
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