Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Raco area can be challenging. Home prices in Raco are now at a median cost of $109,287, lower than the Michigan average of $196,062.
The average cost of rent is $686/mo in Raco, primarily driven by the current value of real estate in the Raco area. While nearly 52.84% of residents own their homes outright in Raco, 6.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Raco is $5,126 per month. Households that rent pay about 13.38% of their income on rent here. Raco's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Brimley, MI: higher priced homes
- Rudyard, MI: equally priced homes
- Strongs, MI: higher priced homes
- Dryburg, MI: equally priced homes
- Kinross, MI: equally priced homes
- Strongs Corner, MI: higher priced homes
- Dafter, MI: higher priced homes
- Kincheloe, MI: higher priced homes
- Emerson, MI: higher priced homes
- Ozark, MI: equally priced homes
Cities with Similar Populations
- Deer Land, MO: higher priced homes
- Dwight, ND: higher priced homes
- Dinkey Creek, CA: higher priced homes
- Dickey Prairie, OR: higher priced homes
- Diaperville, WI: higher priced homes
- Devereaux, NY: equally priced homes
- Derrs, PA: higher priced homes
- Derby, VA: less expensive homes
- Delran, NJ: higher priced homes
- Echols, KY: less expensive homes
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