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These days, finding an affordable place to live in the Pellston area can be challenging. Home prices in Pellston are now at a median cost of $199,171, lower than the Michigan average of $250,415.
The average cost of rent is $979/mo in Pellston, primarily driven by the current value of real estate in the Pellston area. In Pellston, 16.99% of households rent, and 35.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pellston is $5,399 per month. Households that rent pay about 18.13% of their income on rent here. Pellston’s most expensive areas are in the southwestern 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
- Van, MI: equally priced homes
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- Oden, MI: higher priced homes
- Alanson, MI: higher priced homes
- Cross Village, MI: higher priced homes
- Harbor Springs, MI: higher priced homes
- Carp Lake, MI: equally priced homes
- Conway, MI: higher priced homes
Cities with Similar Populations
- Papaikou, HI: higher priced homes
- Terza, MS: less expensive homes
- Tanner, AL: higher priced homes
- Talco, TX: equally priced homes
- Sweetser, IN: less expensive homes
- Sweden Center, NY: higher priced homes
- Russell, MA: higher priced homes
- Ridgecrest, NC: higher priced homes
- Richland, GA: less expensive homes
- Reeders, PA: higher priced homes
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