Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ravenna area can be challenging. Home prices in Ravenna are now at a median cost of $170,824, lower than the Michigan average of $196,062.
The average cost of rent is $733/mo in Ravenna, primarily driven by the current value of real estate in the Ravenna area. While nearly 35.23% of residents own their homes outright in Ravenna, 11.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ravenna is $5,775 per month. Households that rent pay about 12.69% of their income on rent here. Ravenna's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Slocum, MI: higher priced homes
- Moorland, MI: less expensive homes
- Sullivan, MI: higher priced homes
- Casnovia, MI: equally priced homes
- Conklin, MI: higher priced homes
- Bailey, MI: equally priced homes
- Wolf Lake, MI: less expensive homes
- Coopersville, MI: higher priced homes
- Bridgeton, MI: less expensive homes
- Fruitport, MI: higher priced homes
Cities with Similar Populations
- Gang Mills, NY: higher priced homes
- Prescott, AR: less expensive homes
- Mount Pleasant, UT: higher priced homes
- Mayodan, NC: less expensive homes
- Hot Springs, SD: equally priced homes
- Hope, RI: higher priced homes
- Adamstown, MD: higher priced homes
- Henryville, IN: equally priced homes
- Hampton, TN: less expensive homes
- Fremont, NH: higher priced homes
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