
Home Price Key
These days, finding an affordable place to live in the Presque Isle area can be challenging. Home prices in Presque Isle are now at a median cost of $211,900, higher than the Michigan average of $196,062.
The average cost of rent is $818/mo in Presque Isle, primarily driven by the current value of real estate in the Presque Isle area. While nearly 58.87% of residents own their homes outright in Presque Isle, 3.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Presque Isle is $5,792 per month. Households that rent pay about 14.13% of their income on rent here. Presque Isle's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
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