Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Moscow area can be challenging. Home prices in Moscow are now at a median cost of $144,581, lower than the Michigan average of $196,062.
The average cost of rent is $871/mo in Moscow, primarily driven by the current value of real estate in the Moscow area. While nearly 47.78% of residents own their homes outright in Moscow, 13.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Moscow is $4,858 per month. Households that rent pay about 17.92% of their income on rent here. Moscow's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
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