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Expensive
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These days, finding an affordable place to live in the Michael Way area can be challenging. Home prices in Michael Way are now at a median cost of $224,574, lower than the Las Vegas average of $312,869.
The average cost of rent is $1,215/mo in Michael Way, primarily driven by the current value of real estate in the Michael Way area. While nearly 31.21% of residents own their homes outright in Michael Way, 61.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Michael Way is $4,096 per month. Households that rent pay about 29.67% of their income on rent here. Michael Way's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Twin Lakes, Las Vegas, NV: higher priced homes
- Pioneer Park, Las Vegas, NV: equally priced homes
- Charleston Heights, Las Vegas, NV: equally priced homes
- Desert Shores, Las Vegas, NV: higher priced homes
- The Pueblo, Las Vegas, NV: higher priced homes
- North Cheyenne, Las Vegas, NV: higher priced homes
- Buffalo, Las Vegas, NV: higher priced homes
- Angel Park Lindell, Las Vegas, NV: higher priced homes
- West Las Vegas, Las Vegas, NV: less expensive homes
- University Medical Center, Las Vegas, NV: equally priced homes
Neighborhoods with Similar Populations
- Beverly Glen, Studio City, CA: higher priced homes
- Central East Denver, Denver, CO: higher priced homes
- Chicago Lawn, Chicago, IL: less expensive homes
- Ozone Park, Queens, NY: higher priced homes
- Southeast Arlington, Arlington, TX: less expensive homes
- Southeast, Anaheim, CA: higher priced homes
- South Ozone Park, Queens, NY: higher priced homes
- South of Market, San Francisco, CA: higher priced homes
- South End, Tacoma, WA: higher priced homes
- Shelby Forest-Frayser, Memphis, TN: less expensive homes
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