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These days, finding an affordable place to live in the Niles area can be challenging. Home prices in Niles are now at a median cost of $175,464, lower than the Michigan average of $250,415.
The average cost of rent is $935/mo in Niles, primarily driven by the current value of real estate in the Niles area. In Niles, 21.77% of households rent, and 41.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Niles is $5,516 per month. Households that rent pay about 16.95% of their income on rent here. Niles’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sumnerville, MI: higher priced homes
- Buchanan, MI: higher priced homes
- Roseland, IN: less expensive homes
- Pennellwood, MI: higher priced homes
- Granger, IN: higher priced homes
- Dailey, MI: higher priced homes
- Notre Dame, IN: less expensive homes
- Kessington, MI: higher priced homes
- Berrien Center, MI: higher priced homes
- South Bend, IN: equally priced homes
Cities with Similar Populations
- Alamo, TX: less expensive homes
- Pearl, MS: equally priced homes
- Paramus, NJ: higher priced homes
- Pace, FL: higher priced homes
- Ossining, NY: higher priced homes
- Niceville, FL: higher priced homes
- Mundelein, IL: higher priced homes
- Media, PA: higher priced homes
- Mattapan, MA: higher priced homes
- Prior Lake, MN: higher priced homes
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