Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Michigan area can be challenging. Home prices in Michigan are now at a median cost of $98,251, lower than the North Dakota average of $223,566.
The average cost of rent is $562/mo in Michigan, primarily driven by the current value of real estate in the Michigan area. While nearly 72.77% of residents own their homes outright in Michigan, 19.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Michigan is $4,817 per month. Households that rent pay about 11.66% of their income on rent here. Michigan's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Michigan City, ND: less expensive homes
- Petersburg, ND: equally priced homes
- Mapes, ND: equally priced homes
- Lakota, ND: higher priced homes
- Niagara, ND: higher priced homes
- Whitman, ND: equally priced homes
- Dahlen, ND: equally priced homes
- Mcville, ND: equally priced homes
- Pekin, ND: equally priced homes
- Brocket, ND: higher priced homes
Cities with Similar Populations
- Zion Hill, KY: higher priced homes
- Wittenberg, MO: higher priced homes
- Bentley, IL: less expensive homes
- Belvidere, KS: less expensive homes
- Bellerose Terrace, NY: higher priced homes
- Woolcott, KY: higher priced homes
- Yancey Mills, VA: higher priced homes
- Balch, AR: less expensive homes
- Bakersville, MD: higher priced homes
- Yosemite Junction, CA: higher priced homes
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