Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Paw Paw Lake area can be challenging. Home prices in Paw Paw Lake are now at a median cost of $151,345, lower than the Michigan average of $196,062.
The average cost of rent is $745/mo in Paw Paw Lake, primarily driven by the current value of real estate in the Paw Paw Lake area. While nearly 45.10% of residents own their homes outright in Paw Paw Lake, 12.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Paw Paw Lake is $4,750 per month. Households that rent pay about 15.68% of their income on rent here. Paw Paw Lake's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
- Devers, TX: equally priced homes
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- Stanton, MS: less expensive homes
- Stanton, KS: higher priced homes
- Stanford, MT: equally priced homes
- St. Kilian, WI: higher priced homes
- St. Anna, WI: equally priced homes
- Springdale, UT: higher priced homes
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