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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 $243,955, lower than the Michigan average of $250,415.
The average cost of rent is $700/mo in Rumely, primarily driven by the current value of real estate in the Rumely area. In Rumely, 6.57% of households rent, and 41.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rumely is $5,802 per month. Households that rent pay about 12.07% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eben Junction, MI: equally priced homes
- Lawson, MI: less expensive homes
- Chatham, MI: equally priced homes
- Ladoga, MI: less expensive homes
- Slapneck, MI: less expensive homes
- Deerton, MI: equally priced homes
- Dukes, MI: less expensive homes
- Kiva, MI: less expensive homes
- Traunik, MI: less expensive homes
- Sand River, MI: equally priced homes
Cities with Similar Populations
- South Hornell, NY: less expensive homes
- Indiana Beach, IN: equally priced homes
- Ink, AR: equally priced homes
- Isabella, PA: less expensive homes
- Island Beach, WI: higher priced homes
- Jack, MS: less expensive homes
- Smiths Creek, KY: less expensive homes
- Snyderville, OH: higher priced homes
- South Fork, CA: higher priced homes
- South Granville, NY: less expensive homes
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