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These days, finding an affordable place to live in the Keweenaw Bay area can be challenging. Home prices in Keweenaw Bay are now at a median cost of $151,200, lower than the Michigan average of $250,415.
The average cost of rent is $635/mo in Keweenaw Bay, primarily driven by the current value of real estate in the Keweenaw Bay area. In Keweenaw Bay, 21.02% of households rent, and 52.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Keweenaw Bay is $5,208 per month. Households that rent pay about 12.19% of their income on rent here. Keweenaw Bay’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
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- Portage Entry, MI: higher priced homes
- Pelkie, MI: equally priced homes
Cities with Similar Populations
- Park View Heights, IN: less expensive homes
- Pattonville, OH: less expensive homes
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- Passport, IL: higher priced homes
- Parnell, MO: less expensive homes
- Parnell, IL: higher priced homes
- Parkline, ID: higher priced homes
- Parkdale, AL: equally priced homes
- Paynesville, MO: less expensive homes
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