Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Nelson area can be challenging. Home prices in Nelson are now at a median cost of $152,555, lower than the Michigan average of $196,062.
The average cost of rent is $1,060/mo in Nelson, primarily driven by the current value of real estate in the Nelson area. While nearly 45.07% of residents own their homes outright in Nelson, 4.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Nelson is $5,825 per month. Households that rent pay about 18.19% of their income on rent here. Nelson's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Roosevelt, MI: higher priced homes
- St. Charles, MI: less expensive homes
- Merrill, MI: less expensive homes
- Orr, MI: equally priced homes
- Hemlock, MI: equally priced homes
- Marion Springs, MI: less expensive homes
- Brant, MI: equally priced homes
- Rathbone, MI: less expensive homes
- Iva, MI: equally priced homes
- Frost, MI: higher priced homes
Cities with Similar Populations
- Union Pier, MI: higher priced homes
- Cankton, LA: equally priced homes
- Carlisle, MI: higher priced homes
- Carmine, TX: higher priced homes
- Cedar Rock, NC: higher priced homes
- Center Grove, AR: less expensive homes
- Chavies, KY: less expensive homes
- Chenoweth, OR: higher priced homes
- Cloverdale, MI: higher priced homes
- Craftsbury, VT: higher priced homes
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