Expensive
Affordable
Affordable
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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 $202,249, lower than the Michigan average of $250,415.
The average cost of rent is $1,083/mo in Old Mill Gardens, primarily driven by the current value of real estate in the Old Mill Gardens area. In Old Mill Gardens, 8.03% of households rent, and 45.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Old Mill Gardens is $6,925 per month. Households that rent pay about 15.64% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Joppa, MI: equally priced homes
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- Springfield, MI: less expensive homes
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- Climax, MI: higher priced homes
- Burlington, MI: equally priced homes
Cities with Similar Populations
- Schmidt Corner, MI: higher priced homes
- Locust Creek, VA: higher priced homes
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- Marietta, TX: less expensive homes
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- Maynard, MN: equally priced homes
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- Mercer, MO: less expensive homes
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