Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Reed City area can be challenging. Home prices in Reed City are now at a median cost of $103,429, lower than the Michigan average of $196,062.
The average cost of rent is $613/mo in Reed City, primarily driven by the current value of real estate in the Reed City area. While nearly 51.74% of residents own their homes outright in Reed City, 27.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Reed City is $4,126 per month. Households that rent pay about 14.86% of their income on rent here. Reed City's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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- Le Roy, MI: higher priced homes
- Grant Center, MI: equally priced homes
- Nirvana, MI: less expensive homes
- Pogy, MI: equally priced homes
- Evart, MI: equally priced homes
- Luther, MI: less expensive homes
Cities with Similar Populations
- Atoka, OK: less expensive homes
- Oconto Falls, WI: higher priced homes
- Lake Tansi, TN: higher priced homes
- St. Maries, ID: higher priced homes
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- North Tazewell, VA: less expensive homes
- Ava, MO: higher priced homes
- Aurora, OR: higher priced homes
- Auburn, PA: higher priced homes
- Auburn, IL: higher priced homes
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