Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Era area can be challenging. Home prices in New Era are now at a median cost of $141,645, lower than the Michigan average of $196,062.
The average cost of rent is $657/mo in New Era, primarily driven by the current value of real estate in the New Era area. While nearly 45.78% of residents own their homes outright in New Era, 10.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Era is $5,386 per month. Households that rent pay about 12.20% of their income on rent here. New Era's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Rothbury, MI: equally priced homes
- Shelby, MI: less expensive homes
- Stony Lake, MI: higher priced homes
- Montague, MI: higher priced homes
- Little Point Sable, MI: higher priced homes
- Mears, MI: higher priced homes
- Hart, MI: less expensive homes
- Whitehall, MI: higher priced homes
- Lakewood Club, MI: less expensive homes
- Hesperia, MI: less expensive homes
Cities with Similar Populations
- Smyrna Landing, DE: higher priced homes
- Lake Lotawana, MO: higher priced homes
- Lakeside City, TX: higher priced homes
- Lanai City, HI: higher priced homes
- Linden, AL: less expensive homes
- Logan, AL: equally priced homes
- Mansfield, AR: less expensive homes
- Oakwood Hills, IL: higher priced homes
- Osseo, MI: less expensive homes
- Schuyler Falls, NY: higher priced homes
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