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These days, finding an affordable place to live in the Hubbard Lake area can be challenging. Home prices in Hubbard Lake are now at a median cost of $179,327, lower than the Michigan average of $250,415.
The average cost of rent is $1,101/mo in Hubbard Lake, primarily driven by the current value of real estate in the Hubbard Lake area. In Hubbard Lake, 6.13% of households rent, and 48.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hubbard Lake is $6,011 per month. Households that rent pay about 18.32% of their income on rent here. Hubbard Lake’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spruce, MI: higher priced homes
- Ossineke, MI: equally priced homes
- Herron, MI: less expensive homes
- Spratt, MI: less expensive homes
- Lachine, MI: less expensive homes
- Alpena, MI: less expensive homes
- Black River, MI: higher priced homes
- Barton City, MI: less expensive homes
- Lincoln, MI: equally priced homes
- Curran, MI: less expensive homes
Cities with Similar Populations
- Waynesfield, OH: equally priced homes
- Gruetli-Laager, TN: less expensive homes
- Guston, KY: equally priced homes
- Hagaman, NY: higher priced homes
- Hagerhill, KY: less expensive homes
- Heathcote, NJ: higher priced homes
- Holgate, OH: less expensive homes
- Morton, TX: less expensive homes
- Morton, WA: higher priced homes
- Swiftwater, PA: higher priced homes
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