Home Price Key
Affordable
Average
Expensive
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 $538,001, higher than the Washington average of $468,832.
The average cost of rent is $1,811/mo in Michigan Park, primarily driven by the current value of real estate in the Michigan Park area. While nearly 21.22% of residents own their homes outright in Michigan Park, 8.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Michigan Park is $7,979 per month. Households that rent pay about 22.69% of their income on rent here. Michigan Park's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Catholic University-Brookland, Washington, DC: equally priced homes
- Brookland, Washington, DC: higher priced homes
- Woodridge, Washington, DC: equally 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: less expensive homes
- Natomas Creek, Sacramento, CA: less expensive 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
All Local Stats
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