
Home Price Key
These days, finding an affordable place to live in the New Swanzy area can be challenging. Home prices in New Swanzy are now at a median cost of $238,905, higher than the Michigan average of $196,062.
The average cost of rent is $727/mo in New Swanzy, primarily driven by the current value of real estate in the New Swanzy area. While nearly 68.18% of residents own their homes outright in New Swanzy, 3.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Swanzy is $5,275 per month. Households that rent pay about 13.78% of their income on rent here. New Swanzy's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
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