Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Homestead area can be challenging. Home prices in Homestead are now at a median cost of $135,700, lower than the Michigan average of $196,062.
The average cost of rent is $442/mo in Homestead, primarily driven by the current value of real estate in the Homestead area. While nearly 57.81% of residents own their homes outright in Homestead, 11.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Homestead is $3,704 per month. Households that rent pay about 11.93% of their income on rent here. Homestead's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Barbeau, MI: higher priced homes
- Rosedale, MI: higher priced homes
- Gardenville, MI: higher priced homes
- Brassar, MI: equally priced homes
- Sault Ste. Marie, MI: less expensive homes
- Dafter, MI: equally priced homes
- Kincheloe, MI: equally priced homes
- Pickford, MI: equally priced homes
- Kinross, MI: less expensive homes
- Stalwart, MI: less expensive homes
Cities with Similar Populations
- Rome, AL: higher priced homes
- Montana, AR: less expensive homes
- Montpelier Station, VA: higher priced homes
- Mora, LA: equally priced homes
- Moreland, AL: less expensive homes
- Moreno, CA: higher priced homes
- Morgan, OR: higher priced homes
- Moriah, IL: less expensive homes
- Moscow, AR: less expensive homes
- Moscow, KY: equally priced homes
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