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Affordable
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These days, finding an affordable place to live in the Port Hope area can be challenging. Home prices in Port Hope are now at a median cost of $167,012, lower than the Michigan average of $250,415.
The average cost of rent is $565/mo in Port Hope, primarily driven by the current value of real estate in the Port Hope area. In Port Hope, 5.83% of households rent, and 64.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Port Hope is $4,927 per month. Households that rent pay about 11.46% of their income on rent here. Port Hope’s most expensive areas are in the northwestern 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
- Redman, MI: equally priced homes
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- Kinde, MI: equally priced homes
- Pointe Aux Barques, MI: equally priced homes
- Ruth, MI: higher priced homes
- Port Austin, MI: equally priced homes
- Filion, MI: less expensive homes
- Bad Axe, MI: equally priced homes
Cities with Similar Populations
- Aldrich, MO: higher priced homes
- Zion, AL: less expensive homes
- Willow Lake, SD: higher priced homes
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- Wilbur, OR: higher priced homes
- Wiggins, TX: higher priced homes
- White Lake, WI: equally priced homes
- Wharton, OH: equally priced homes
- Weston, LA: less expensive homes
- Westfield, OH: higher priced homes
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