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These days, finding an affordable place to live in the Peters area can be challenging. Home prices in Peters are now at a median cost of $235,623, higher than the Michigan average of $196,062.
The average cost of rent is $854/mo in Peters, primarily driven by the current value of real estate in the Peters area. While nearly 65.22% of residents own their homes outright in Peters, 1.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peters is $4,483 per month. Households that rent pay about 19.05% of their income on rent here. Peters's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Marine City, MI: less expensive homes
- Four Towns, MI: equally priced homes
- East China, MI: equally priced homes
- Algonac, MI: less expensive homes
- Roberts Landing, MI: less expensive homes
- Fair Haven, MI: equally priced homes
- Pearl Beach, MI: equally priced homes
- Harsens Island, MI: higher priced homes
- Casco, MI: less expensive homes
- St. Clair, MI: equally priced homes
Cities with Similar Populations
- Cheriton, VA: less expensive homes
- Crab Orchard Estates, IL: less expensive homes
- Cologne, VA: equally priced homes
- Cochran, TX: less expensive homes
- Clodine, TX: higher priced homes
- Clermont, KY: less expensive homes
- Clayton, OK: less expensive homes
- Cisco, GA: less expensive homes
- Cincinnati, IA: less expensive homes
- Choccolocco, AL: less expensive homes
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