The Most Affordable Neighborhoods in Old Mill Gardens, MI by Home Value

 

Old Mill Gardens, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Old Mill Gardens area can be challenging. Home prices in Old Mill Gardens are now at a median cost of $176,101, lower than the Michigan average of $196,062.

The average cost of rent is $878/mo in Old Mill Gardens, primarily driven by the current value of real estate in the Old Mill Gardens area. While nearly 52.43% of residents own their homes outright in Old Mill Gardens, 11.91% rent.

Housing affordability isn’t just about home prices, though. The average household income in Old Mill Gardens is $6,890 per month. Households that rent pay about 12.74% of their income on rent here. Old Mill Gardens's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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