Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Michigan Park area can be challenging. Home prices in Michigan Park are now at a median cost of $663,580, higher than the Washington average of $627,696.
The average cost of rent is $1,881/mo in Michigan Park, primarily driven by the current value of real estate in the Michigan Park area. In Michigan Park, 14.48% of households rent, and 24.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Michigan Park is $10,094 per month. Households that rent pay about 18.64% of their income on rent here. Michigan Park’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Catholic University-Brookland, Washington, DC: equally priced homes
- Brookland, Washington, DC: higher priced homes
- Woodridge, Washington, DC: higher priced homes
- Fort Totten-Upper Northeast, Washington, DC: equally priced homes
- Green Meadows, Chillum, MD: less expensive homes
- Petworth, Washington, DC: higher priced homes
- Brentwood, Washington, DC: equally priced homes
- Brightwood, Washington, DC: higher priced homes
- Ledroit Park, Washington, DC: higher priced homes
- Carroll Manor, Takoma Park, MD: higher priced homes
Neighborhoods with Similar Populations
- Airport Heights, Anchorage, AK: less expensive homes
- North Redmond, Redmond, WA: higher priced homes
- Nobility Hill Historic District, Stoneham, MA: equally priced homes
- Natomas Creek, Sacramento, CA: equally priced homes
- Mt. Baker, Seattle, WA: higher priced homes
- Midtown, Milwaukee, WI: less expensive homes
- Melrose Manors, Fort Lauderdale, FL: less expensive homes
- Meadow Hills, Aurora, CO: less expensive homes
- Mayflower, Wilkes-Barre, PA: less expensive homes
- Marina Lagoon, San Mateo, CA: higher priced homes
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