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These days, finding an affordable place to live in the Mancelona area can be challenging. Home prices in Mancelona are now at a median cost of $173,430, lower than the Michigan average of $250,415.
The average cost of rent is $887/mo in Mancelona, primarily driven by the current value of real estate in the Mancelona area. In Mancelona, 15.44% of households rent, and 43.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mancelona is $5,452 per month. Households that rent pay about 16.28% of their income on rent here. Mancelona’s most expensive areas are in the southeastern 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
- Wetzel, MI: equally priced homes
- Leetsville, MI: higher priced homes
- Green River, MI: higher priced homes
- Alba, MI: equally priced homes
- Alden, MI: higher priced homes
- Bellaire, MI: higher priced homes
- North Arms, MI: higher priced homes
- Kalkaska, MI: equally priced homes
- Lodi, MI: equally priced homes
- Rapid City, MI: higher priced homes
Cities with Similar Populations
- Attica, NY: equally priced homes
- Buellton, CA: higher priced homes
- Buena Vista, MI: less expensive homes
- Buffalo, WY: higher priced homes
- Indian Hill, OH: higher priced homes
- Baldwin, WI: higher priced homes
- Bakersville, NC: higher priced homes
- Perrineville, NJ: higher priced homes
- Baden, PA: higher priced homes
- Lavon, TX: higher priced homes
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