Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Prescott area can be challenging. Home prices in Prescott are now at a median cost of $85,268, lower than the Michigan average of $196,062.
The average cost of rent is $741/mo in Prescott, primarily driven by the current value of real estate in the Prescott area. While nearly 54.86% of residents own their homes outright in Prescott, 13.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Prescott is $3,244 per month. Households that rent pay about 22.84% of their income on rent here. Prescott's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Skidway Lake, MI: less expensive homes
- Selkirk, MI: higher priced homes
- Alger, MI: higher priced homes
- Twining, MI: equally priced homes
- Whittemore, MI: equally priced homes
- Greenwood, MI: higher priced homes
- West Branch, MI: higher priced homes
- Sterling, MI: higher priced homes
- Lupton, MI: higher priced homes
- Omer, MI: higher priced homes
Cities with Similar Populations
- Pound Ridge, NY: higher priced homes
- Independence, VA: higher priced homes
- Avilla, IN: higher priced homes
- Jennings, FL: higher priced homes
- Lake Ann, MI: higher priced homes
- Minden, NE: higher priced homes
- Mineral Springs, NC: higher priced homes
- Mobridge, SD: higher priced homes
- Monticello, MS: higher priced homes
- North Great River, NY: higher priced homes
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