Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Loomis area can be challenging. Home prices in Loomis are now at a median cost of $116,025, lower than the Michigan average of $196,062.
The average cost of rent is $800/mo in Loomis, primarily driven by the current value of real estate in the Loomis area. While nearly 46.13% of residents own their homes outright in Loomis, 18.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Loomis is $4,127 per month. Households that rent pay about 19.38% of their income on rent here. Loomis's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Coleman, MI: less expensive homes
- Colonville, MI: higher priced homes
- Delwin, MI: equally priced homes
- Clare, MI: equally priced homes
- Rosebush, MI: higher priced homes
- Leaton, MI: equally priced homes
- Dover, MI: higher priced homes
- North Bradley, MI: equally priced homes
- Beaverton, MI: equally priced homes
- Farwell, MI: less expensive homes
Cities with Similar Populations
- Lightfoot, VA: higher priced homes
- Smyrna, SC: higher priced homes
- Shutesbury, MA: higher priced homes
- Shelbyville, TX: less expensive homes
- Seligman, AZ: equally priced homes
- Scio, NY: less expensive homes
- Roosevelt, NJ: higher priced homes
- Roosevelt, MN: higher priced homes
- Red Valley, VA: higher priced homes
- Phillipsburg, OH: higher priced homes
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