Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Lum area can be challenging. Home prices in Lum are now at a median cost of $247,835, lower than the Michigan average of $250,415.
The average cost of rent is $999/mo in Lum, primarily driven by the current value of real estate in the Lum area. In Lum, 6.71% of households rent, and 43.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lum is $7,004 per month. Households that rent pay about 14.26% of their income on rent here. Lum’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
- Attica, MI: equally priced homes
- Imlay City, MI: equally priced homes
- Five Lakes, MI: less expensive homes
- Hunters Creek, MI: less expensive homes
- North Branch, MI: less expensive homes
- Burnside, MI: equally priced homes
- Barnes Lake-Millers Lake, MI: less expensive homes
- Lapeer, MI: less expensive homes
- Dryden, MI: higher priced homes
- Thornville, MI: higher priced homes
Cities with Similar Populations
- Alma, CO: higher priced homes
- Anna Maria, FL: higher priced homes
- Arcadia Lakes, SC: higher priced homes
- Ashkum, IL: less expensive homes
- Ashland, MT: less expensive homes
- Baker Ridge, WV: higher priced homes
- Bellefonte, KY: higher priced homes
- Bevil Oaks, TX: less expensive homes
- Big River, CA: less expensive homes
- Big Springs, GA: equally priced homes
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