The Most Affordable Neighborhoods in Kingsford, MI by Home Value

These days, finding an affordable place to live in the Kingsford area can be challenging. Home prices in Kingsford are now at a median cost of $127,244, lower than the Michigan average of $250,415.

The average cost of rent is $896/mo in Kingsford, primarily driven by the current value of real estate in the Kingsford area. In Kingsford, 20.07% of households rent, and 44.56% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Kingsford is $5,215 per month. Households that rent pay about 17.18% of their income on rent here. Kingsford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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