Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Paynesville area can be challenging. Home prices in Paynesville are now at a median cost of $91,383, lower than the Michigan average of $196,062.
The average cost of rent is $1,052/mo in Paynesville, primarily driven by the current value of real estate in the Paynesville area. While nearly 64.49% of residents own their homes outright in Paynesville, 9.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Paynesville is $3,535 per month. Households that rent pay about 29.77% of their income on rent here. Paynesville's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Bruce Crossing, MI: equally priced homes
- North Paynesville, MI: equally priced homes
- Trout Creek, MI: equally priced homes
- Ewen, MI: higher priced homes
- Paulding, MI: higher priced homes
- Kenton, MI: higher priced homes
- Mass City, MI: equally priced homes
- Topaz, MI: higher priced homes
- Wainola, MI: equally priced homes
- Rockland, MI: less expensive homes
Cities with Similar Populations
- Speed, AL: higher priced homes
- Kennedy, PA: higher priced homes
- Kents Corners, NY: equally priced homes
- Kenwood, IA: higher priced homes
- South Freeport, ME: higher priced homes
- South Pulteney, NY: higher priced homes
- South Salem, IN: higher priced homes
- Southland, TX: higher priced homes
- Spa, KY: higher priced homes
- Spangler, PA: higher priced homes
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