
Affordable
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These days, finding an affordable place to live in the Pleasant Ridge area can be challenging. Home prices in Pleasant Ridge are now at a median cost of $473,726, higher than the Michigan average of $250,415.
The average cost of rent is $1,713/mo in Pleasant Ridge, primarily driven by the current value of real estate in the Pleasant Ridge area. In Pleasant Ridge, 4.39% of households rent, and 26.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pleasant Ridge is $14,934 per month. Households that rent pay about 11.47% of their income on rent here. Pleasant Ridge’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ferndale, MI: less expensive homes
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Cities with Similar Populations
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- Pomona Park, FL: less expensive homes
- Riegelsville, PA: equally priced homes
- Roaring River, NC: less expensive homes
- Buckeye Lake, OH: less expensive homes
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