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Affordable
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These days, finding an affordable place to live in the Rathbone area can be challenging. Home prices in Rathbone are now at a median cost of $167,835, lower than the Michigan average of $250,415.
The average cost of rent is $1,213/mo in Rathbone, primarily driven by the current value of real estate in the Rathbone area. In Rathbone, 13.89% of households rent, and 62.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rathbone is $6,536 per month. Households that rent pay about 18.57% of their income on rent here. Rathbone’s most expensive areas are in the southeastern 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
- Sickles, MI: less expensive homes
- North Star, MI: equally priced homes
- Merrill, MI: equally priced homes
- Marion Springs, MI: less expensive homes
- Breckenridge, MI: less expensive homes
- Wheeler, MI: less expensive homes
- Nelson, MI: higher priced homes
- Ithaca, MI: equally priced homes
- Brant, MI: equally priced homes
- Ryan, MI: equally priced homes
Cities with Similar Populations
- Zurich, KS: less expensive homes
- Arion, IA: equally priced homes
- Antimony, UT: higher priced homes
- Antelope, TX: higher priced homes
- Amalia, NM: higher priced homes
- Alligator, MS: less expensive homes
- Zenda, KS: less expensive homes
- Pinon, CO: higher priced homes
- Pleasant Valley, KY: less expensive homes
- Pleasant Point, ME: higher priced homes
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