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These days, finding an affordable place to live in the Medina area can be challenging. Home prices in Medina are now at a median cost of $164,005, lower than the Michigan average of $250,415.
The average cost of rent is $1,136/mo in Medina, primarily driven by the current value of real estate in the Medina area. In Medina, 12.97% of households rent, and 45.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medina is $5,847 per month. Households that rent pay about 19.43% of their income on rent here. Medina’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Morenci, MI: less expensive homes
- Seneca, MI: equally priced homes
- Hudson, MI: less expensive homes
- Clayton, MI: higher priced homes
- Prattville, MI: equally priced homes
- Munson, MI: less expensive homes
- Morenci, MI: less expensive homes
- Rollin, MI: higher priced homes
- Cadmus, MI: higher priced homes
- Powers, OH: higher priced homes
Cities with Similar Populations
- Rock Springs, MD: higher priced homes
- Owings, SC: higher priced homes
- Ozello, FL: less expensive homes
- Pahaska Tepee, WY: higher priced homes
- Paisley, OR: higher priced homes
- Parks, AR: less expensive homes
- Rabbit Hill, GA: higher priced homes
- Red Head, FL: higher priced homes
- Reidsville, NY: higher priced homes
- Rew, PA: less expensive homes
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