Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Red Park area can be challenging. Home prices in Red Park are now at a median cost of $188,721, lower than the Michigan average of $196,062.
The average cost of rent is $874/mo in Red Park, primarily driven by the current value of real estate in the Red Park area. While nearly 55.37% of residents own their homes outright in Red Park, 6.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Park is $4,994 per month. Households that rent pay about 17.51% of their income on rent here. Red Park's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Filer City, MI: higher priced homes
- Newland, MI: equally priced homes
- Onekama, MI: higher priced homes
- Norwalk, MI: equally priced homes
- Parkdale, MI: less expensive homes
- Pierport, MI: equally priced homes
- Eastlake, MI: less expensive homes
- Manistee, MI: less expensive homes
- Bear Lake, MI: less expensive homes
- Harrison Beach, MI: less expensive homes
Cities with Similar Populations
- Arnheim, MI: less expensive homes
- West Gilgo Beach, NY: higher priced homes
- Beirne, AR: less expensive homes
- Bear Creek, SD: less expensive homes
- West Forks, ME: less expensive homes
- Baxter, CA: higher priced homes
- West Pike, PA: less expensive homes
- Bertrandville, LA: higher priced homes
- West Point, ME: higher priced homes
- Bethel, TX: less expensive homes
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