Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ransom area can be challenging. Home prices in Ransom are now at a median cost of $146,355, lower than the Michigan average of $196,062.
The average cost of rent is $923/mo in Ransom, primarily driven by the current value of real estate in the Ransom area. While nearly 41.36% of residents own their homes outright in Ransom, 14.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ransom is $5,066 per month. Households that rent pay about 18.23% of their income on rent here. Ransom's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Shadyside, MI: less expensive homes
- Betzer, MI: less expensive homes
- Frontier, MI: less expensive homes
- Osseo, MI: less expensive homes
- Waldron, MI: less expensive homes
- Pittsford, MI: less expensive homes
- Pioneer, OH: less expensive homes
- Cambria, MI: equally priced homes
- Prattville, MI: less expensive homes
- Camden, MI: equally priced homes
Cities with Similar Populations
- Zeba, MI: less expensive homes
- Alcova, WY: higher priced homes
- Alderpoint, CA: higher priced homes
- Alpha, IA: less expensive homes
- Armstrong, MN: equally priced homes
- Amoret, MO: higher priced homes
- Bowlby, WV: higher priced homes
- Ankona, FL: higher priced homes
- Aristes, PA: less expensive homes
- Poland Center, NY: less expensive homes
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