Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Schaffer area can be challenging. Home prices in Schaffer are now at a median cost of $140,540, lower than the Michigan average of $196,062.
The average cost of rent is $776/mo in Schaffer, primarily driven by the current value of real estate in the Schaffer area. While nearly 48.56% of residents own their homes outright in Schaffer, 7.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Schaffer is $5,222 per month. Households that rent pay about 14.85% of their income on rent here. Schaffer's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Tesch, MI: equally priced homes
- Whitney, MI: equally priced homes
- Bark River, MI: equally priced homes
- Riverland, MI: equally priced homes
- Harris, MI: higher priced homes
- Wilson, MI: higher priced homes
- Ford River, MI: equally priced homes
- Spalding, MI: equally priced homes
- Cornell, MI: higher priced homes
- Island View, MI: equally priced homes
Cities with Similar Populations
- South Westport, MA: higher priced homes
- El Verano, CA: higher priced homes
- Elba, NE: higher priced homes
- Ellery Center, NY: higher priced homes
- Elrama, PA: less expensive homes
- Emanuel, KY: less expensive homes
- Eris, OH: higher priced homes
- Essex, OH: higher priced homes
- Fair Oaks, TX: higher priced homes
- Fenton, LA: equally priced homes
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