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Affordable
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These days, finding an affordable place to live in the Hinchman area can be challenging. Home prices in Hinchman are now at a median cost of $256,564, higher than the Michigan average of $250,415.
The average cost of rent is $521/mo in Hinchman, primarily driven by the current value of real estate in the Hinchman area. In Hinchman, 28.48% of households rent, and 50.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hinchman is $6,251 per month. Households that rent pay about 8.34% of their income on rent here. Hinchman’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Buckhorn, MI: higher priced homes
- Baroda, MI: equally priced homes
- Hills Corners, MI: less expensive homes
- Berrien Springs, MI: equally priced homes
- Stevensville, MI: higher priced homes
- Glendora, MI: less expensive homes
- Sodus, MI: less expensive homes
- Pennellwood, MI: equally priced homes
- Bridgman, MI: equally priced homes
- Shanghai Corners, MI: less expensive homes
Cities with Similar Populations
- South New Castle, PA: less expensive homes
- Gulf, NC: less expensive homes
- Gypsy, KY: less expensive homes
- Hallsville, NC: less expensive homes
- Harriet, AR: less expensive homes
- Keene, OH: less expensive homes
- Silverton, CO: higher priced homes
- Skipwith Farms, VA: higher priced homes
- Skyforest, CA: higher priced homes
- Smyrna, WA: higher priced homes
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