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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 $220,748, lower than the Michigan average of $250,415.
The average cost of rent is $920/mo in Red Park, primarily driven by the current value of real estate in the Red Park area. In Red Park, 9.19% of households rent, and 58.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Park is $5,906 per month. Households that rent pay about 15.58% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: higher priced homes
- Eastlake, MI: less expensive homes
- Manistee, MI: less expensive homes
- Bear Lake, MI: equally priced 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: equally priced homes
- Baxter, CA: higher priced homes
- West Pike, PA: equally priced homes
- Bertrandville, LA: less expensive homes
- West Point, ME: higher priced homes
- Bethel, TX: less expensive homes
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