Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lowell area can be challenging. Home prices in Lowell are now at a median cost of $277,433, higher than the Michigan average of $196,062.
The average cost of rent is $1,002/mo in Lowell, primarily driven by the current value of real estate in the Lowell area. While nearly 32.04% of residents own their homes outright in Lowell, 16.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lowell is $7,844 per month. Households that rent pay about 12.78% of their income on rent here. Lowell's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Ada, MI: higher priced homes
- Elmdale, MI: equally priced homes
- Parnell, MI: higher priced homes
- Forest Hills, MI: higher priced homes
- Saranac, MI: less expensive homes
- McCords, MI: higher priced homes
- Alto, MI: higher priced homes
- Cooks Corners, MI: less expensive homes
- Clarksville, MI: less expensive homes
- Bowne Center, MI: equally priced homes
Cities with Similar Populations
- Rancho Mirage, CA: higher priced homes
- Franklin Park, PA: higher priced homes
- Frederick, CO: higher priced homes
- Galena, OH: higher priced homes
- Gardendale, AL: less expensive homes
- Gaylord, MI: less expensive homes
- Gilbertsville, PA: higher priced homes
- Glen Carbon, IL: equally priced homes
- Glenpool, OK: less expensive homes
- Glenview Nas, IL: higher priced homes
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