Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rumely area can be challenging. Home prices in Rumely are now at a median cost of $163,096, lower than the Michigan average of $196,062.
The average cost of rent is $664/mo in Rumely, primarily driven by the current value of real estate in the Rumely area. While nearly 37.87% of residents own their homes outright in Rumely, 9.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rumely is $4,850 per month. Households that rent pay about 13.70% of their income on rent here. Rumely's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
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- Dukes, MI: equally priced homes
- Kiva, MI: less expensive homes
- Traunik, MI: equally priced homes
- Sand River, MI: equally priced homes
Cities with Similar Populations
- South Hornell, NY: less expensive homes
- Indiana Beach, IN: equally priced homes
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- Island Beach, WI: higher priced homes
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- Snyderville, OH: higher priced homes
- South Fork, CA: higher priced homes
- South Granville, NY: less expensive homes
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