The Most Affordable Neighborhoods in Luce County, MI by Home Value

 

Luce County, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Luce County area can be challenging. Home prices in Luce County are now at a median cost of $118,992, lower than the Michigan average of $196,062.

The average cost of rent is $768/mo in Luce County, primarily driven by the current value of real estate in the Luce County area. While nearly 50.32% of residents own their homes outright in Luce County, 17.72% rent.

Housing affordability isn’t just about home prices, though. The average household income in Luce County is $4,583 per month. Households that rent pay about 16.76% of their income on rent here. Luce County's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the county.


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