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Affordable
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These days, finding an affordable place to live in the Mio area can be challenging. Home prices in Mio are now at a median cost of $125,558, lower than the Michigan average of $250,415.
The average cost of rent is $712/mo in Mio, primarily driven by the current value of real estate in the Mio area. In Mio, 13.08% of households rent, and 55.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mio is $4,100 per month. Households that rent pay about 17.36% of their income on rent here. Mio’s most expensive areas are in the southwestern 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
- Kneeland, MI: less expensive homes
- Fairview, MI: higher priced homes
- Luzerne, MI: equally priced homes
- Red Oak, MI: higher priced homes
- Comins, MI: higher priced homes
- McKinley, MI: less expensive homes
- Lewiston, MI: higher priced homes
- Rose City, MI: higher priced homes
- Curran, MI: equally priced homes
- South Branch, MI: equally priced homes
Cities with Similar Populations
- South Paris, ME: higher priced homes
- Elsberry, MO: higher priced homes
- Kuhio Village, HI: higher priced homes
- Paige, TX: higher priced homes
- Knox, PA: higher priced homes
- Avalon, CA: higher priced homes
- Blaine, TN: higher priced homes
- Blackville, SC: less expensive homes
- Elkhart, TX: higher priced homes
- Kittitas, WA: higher priced homes
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