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These days, finding an affordable place to live in the Mineral Hills area can be challenging. Home prices in Mineral Hills are now at a median cost of $101,698, lower than the Michigan average of $250,415.
The average cost of rent is $793/mo in Mineral Hills, primarily driven by the current value of real estate in the Mineral Hills area. In Mineral Hills, 19.47% of households rent, and 55.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mineral Hills is $3,782 per month. Households that rent pay about 20.98% of their income on rent here. Mineral Hills’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Iron River, MI: higher priced homes
- Caspian, MI: equally priced homes
- Stambaugh, MI: less expensive homes
- Beechwood, MI: higher priced homes
- Gaastra, MI: less expensive homes
- Gibbs City, MI: higher priced homes
- Scott Lake, MI: less expensive homes
- Fortune Lake, MI: higher priced homes
- Amasa, MI: higher priced homes
- Tipler, WI: higher priced homes
Cities with Similar Populations
- Red Bank, VA: higher priced homes
- North Chittenango, NY: higher priced homes
- North Cutler, ME: higher priced homes
- North Lilbourn, MO: less expensive homes
- Northway Junction, AK: less expensive homes
- Notre Dame, ME: less expensive homes
- Oak Grove, MS: equally priced homes
- Oak Hill, IL: higher priced homes
- Oak Park, OH: higher priced homes
- Oakhurst, MI: higher priced homes
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