Expensive
Affordable
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These days, finding an affordable place to live in the Lake Margrethe area can be challenging. Home prices in Lake Margrethe are now at a median cost of $136,391, lower than the Michigan average of $250,415.
The average cost of rent is $801/mo in Lake Margrethe, primarily driven by the current value of real estate in the Lake Margrethe area. In Lake Margrethe, 31.46% of households rent, and 37.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Margrethe is $3,641 per month. Households that rent pay about 21.99% of their income on rent here. Lake Margrethe’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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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Cities with Similar Populations
- Republic, IA: higher priced homes
- Radley, IN: higher priced homes
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- Ransom, KS: less expensive homes
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- Rdg Mnr Est, FL: higher priced homes
- Red Lake, TX: equally priced homes
- Red Lane, WY: higher priced homes
- Red Point, MD: higher priced homes
- Redhaw, OH: higher priced homes
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