The Most Affordable Neighborhoods in New Hudson, MI by Home Value

 

New Hudson, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Hudson area can be challenging. Home prices in New Hudson are now at a median cost of $434,359, higher than the Michigan average of $250,415.

The average cost of rent is $2,053/mo in New Hudson, primarily driven by the current value of real estate in the New Hudson area. In New Hudson, 20.44% of households rent, and 34.71% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Hudson is $9,830 per month. Households that rent pay about 20.88% of their income on rent here. New Hudson’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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