Home Price Key
Affordable
Average
Expensive
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 $87,522, lower than the Michigan average of $196,062.
The average cost of rent is $666/mo in Lake Margrethe, primarily driven by the current value of real estate in the Lake Margrethe area. While nearly 36.48% of residents own their homes outright in Lake Margrethe, 42.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Margrethe is $3,047 per month. Households that rent pay about 21.87% of their income on rent here. Lake Margrethe's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Grayling, MI: higher priced homes
- McIntyre Landing, MI: higher priced homes
- Higgins Lake, MI: higher priced homes
- Roscommon, MI: higher priced homes
- Frederic, MI: higher priced homes
- Meads Landing, MI: higher priced homes
- Houghton Point, MI: higher priced homes
- Moorestown, MI: higher priced homes
- O'neil, MI: higher priced homes
- Waters, MI: higher priced homes
Cities with Similar Populations
- Republic, IA: higher priced homes
- Radley, IN: higher priced homes
- Randalia, MD: higher priced homes
- Ransom, KS: less expensive homes
- Ratcliff, TX: less expensive homes
- Rdg Mnr Est, FL: higher priced homes
- Red Lake, TX: higher priced homes
- Red Lane, WY: higher priced homes
- Red Point, MD: higher priced homes
- Redhaw, OH: higher priced homes
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