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These days, finding an affordable place to live in the Moorestown area can be challenging. Home prices in Moorestown are now at a median cost of $184,606, lower than the Michigan average of $250,415.
The average cost of rent is $1,256/mo in Moorestown, primarily driven by the current value of real estate in the Moorestown area. In Moorestown, 14.38% of households rent, and 38.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Moorestown is $5,373 per month. Households that rent pay about 23.37% of their income on rent here. Moorestown’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stittsville, MI: less expensive homes
- Meads Landing, MI: equally priced homes
- Merritt, MI: less expensive homes
- O'neil, MI: equally priced homes
- Spencer, MI: higher priced homes
- Higgins Lake, MI: higher priced homes
- Houghton Lake Heights, MI: less expensive homes
- Houghton Point, MI: higher priced homes
- Prosper, MI: less expensive homes
- Lake City, MI: equally priced homes
Cities with Similar Populations
- Lake Marcel-Stillwater, WA: higher priced homes
- Judson, MN: higher priced homes
- Kaufman, IL: higher priced homes
- Keechi, TX: less expensive homes
- Kelly, TX: higher priced homes
- Kent, IA: equally priced homes
- Keomah Village, IA: equally priced homes
- King Salmon, AK: higher priced homes
- Kinsman, IL: higher priced homes
- Jordan Valley, OR: higher priced homes
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