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These days, finding an affordable place to live in the Litchfield area can be challenging. Home prices in Litchfield are now at a median cost of $143,855, lower than the Michigan average of $250,415.
The average cost of rent is $862/mo in Litchfield, primarily driven by the current value of real estate in the Litchfield area. In Litchfield, 18.84% of households rent, and 48.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Litchfield is $4,492 per month. Households that rent pay about 19.19% of their income on rent here. Litchfield’s most expensive areas are in the northeastern 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
- Jonesville, MI: higher priced homes
- Pulaski, MI: higher priced homes
- Homer, MI: equally priced homes
- South Butler, MI: higher priced homes
- Allen, MI: higher priced homes
- Clarendon, MI: higher priced homes
- Hanover, MI: higher priced homes
- Quincy, MI: higher priced homes
- Concord, MI: higher priced homes
- Hillsdale, MI: higher priced homes
Cities with Similar Populations
- Bridgeport, IL: less expensive homes
- Brookville, NY: higher priced homes
- Carbon Hill, AL: less expensive homes
- Centreville, MS: less expensive homes
- Chamberlain, SD: higher priced homes
- Lumber Bridge, NC: less expensive homes
- Clearbrook Park, NJ: higher priced homes
- Crane, MO: higher priced homes
- Lawnside, NJ: higher priced homes
- Stamping Ground, KY: higher priced homes
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