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These days, finding an affordable place to live in the Lovells area can be challenging. Home prices in Lovells are now at a median cost of $197,724, lower than the Michigan average of $250,415.
The average cost of rent is $884/mo in Lovells, primarily driven by the current value of real estate in the Lovells area. In Lovells, 3.71% of households rent, and 52.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lovells is $5,134 per month. Households that rent pay about 17.21% of their income on rent here. Lovells’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lewiston, MI: equally priced homes
- Red Oak, MI: less expensive homes
- Waters, MI: equally priced homes
- Johannesburg, MI: higher priced homes
- Frederic, MI: equally priced homes
- Grayling, MI: less expensive homes
- Otsego Lake, MI: equally priced homes
- Luzerne, MI: less expensive homes
- Sparr, MI: higher priced homes
- Gaylord, MI: higher priced homes
Cities with Similar Populations
- Flat Creek, TN: higher priced homes
- Togo, MN: higher priced homes
- Tingley, IA: higher priced homes
- Tice, IL: higher priced homes
- Frazier Crossroads, NC: less expensive homes
- Francitas, TX: higher priced homes
- Fourche, AR: less expensive homes
- Fountain Springs, PA: equally priced homes
- Fort Hill, PA: less expensive homes
- Fort Green Springs, FL: higher priced homes
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