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These days, finding an affordable place to live in the Newaygo area can be challenging. Home prices in Newaygo are now at a median cost of $196,822, lower than the Michigan average of $250,415.
The average cost of rent is $1,001/mo in Newaygo, primarily driven by the current value of real estate in the Newaygo area. In Newaygo, 12.27% of households rent, and 46.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newaygo is $5,438 per month. Households that rent pay about 18.40% of their income on rent here. Newaygo’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Croton, MI: equally priced homes
- Wooster, MI: higher priced homes
- Grant, MI: equally priced homes
- Sun, MI: higher priced homes
- Croton Heights, MI: less expensive homes
- White Cloud, MI: less expensive homes
- Sitka, MI: higher priced homes
- Fremont, MI: equally priced homes
- Bailey, MI: equally priced homes
- Bridgeton, MI: equally priced homes
Cities with Similar Populations
- Timberlake, VA: higher priced homes
- College Place, WA: higher priced homes
- Commerce, CA: higher priced homes
- Conley, GA: higher priced homes
- Conway, FL: higher priced homes
- Corryton, TN: higher priced homes
- Cottage Grove, WI: higher priced homes
- Countryside, VA: higher priced homes
- Craig, CO: higher priced homes
- Crestline, CA: higher priced homes
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