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These days, finding an affordable place to live in the Pelkie area can be challenging. Home prices in Pelkie are now at a median cost of $139,799, lower than the Michigan average of $250,415.
The average cost of rent is $814/mo in Pelkie, primarily driven by the current value of real estate in the Pelkie area. In Pelkie, 7.33% of households rent, and 53.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pelkie is $4,812 per month. Households that rent pay about 16.93% of their income on rent here. Pelkie’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arnheim, MI: less expensive homes
- Elo, MI: higher priced homes
- White, MI: less expensive homes
- Twin Lakes, MI: higher priced homes
- Baraga, MI: equally priced homes
- Tapiola, MI: higher priced homes
- Keweenaw Bay, MI: equally priced homes
- Winona, MI: equally priced homes
- Nisula, MI: less expensive homes
- L'Anse, MI: equally priced homes
Cities with Similar Populations
- Sterling, UT: higher priced homes
- Fernwood, ID: higher priced homes
- Ferrelview, MO: higher priced homes
- Flemington, WV: higher priced homes
- Florida, MA: higher priced homes
- Stafford Springs, MS: less expensive homes
- Stanton, AL: higher priced homes
- Star Junction, PA: higher priced homes
- Stebbins, AK: less expensive homes
- Fentress, TX: higher priced homes
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