Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mackinac Island area can be challenging. Home prices in Mackinac Island are now at a median cost of $422,700, higher than the Michigan average of $196,062.
The average cost of rent is $908/mo in Mackinac Island, primarily driven by the current value of real estate in the Mackinac Island area. While nearly 42.11% of residents own their homes outright in Mackinac Island, 64.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mackinac Island is $5,042 per month. Households that rent pay about 18.01% of their income on rent here. Mackinac Island's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- St. Ignace, MI: less expensive homes
- Mackinaw City, MI: less expensive homes
- Pointe Aux Pins, MI: less expensive homes
- Gros Cap, MI: less expensive homes
- Carp Lake, MI: less expensive homes
- Point Nipigon, MI: less expensive homes
- Moran, MI: less expensive homes
- Hessel, MI: less expensive homes
- Levering, MI: less expensive homes
- Cedarville, MI: less expensive homes
Cities with Similar Populations
- Adin, CA: less expensive homes
- Alma, MO: less expensive homes
- Pembina, ND: less expensive homes
- Pool, WV: less expensive homes
- Pennington, AL: less expensive homes
- Perry Addition, OH: less expensive homes
- Philadelphia, MO: less expensive homes
- Phillipsburg, KY: less expensive homes
- Pickwick, MN: less expensive homes
- Pine Bluff, WI: higher priced homes
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