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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 $211,431, lower than the Michigan average of $250,415.
The average cost of rent is $549/mo in Schaffer, primarily driven by the current value of real estate in the Schaffer area. In Schaffer, 5.28% of households rent, and 49.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Schaffer is $6,244 per month. Households that rent pay about 8.80% of their income on rent here. Schaffer’s most expensive areas are in the eastern 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
- Tesch, MI: equally priced homes
- Whitney, MI: equally priced homes
- Bark River, MI: less expensive homes
- Riverland, MI: equally priced homes
- Harris, MI: less expensive homes
- Wilson, MI: less expensive homes
- Ford River, MI: less expensive homes
- Spalding, MI: less expensive homes
- Cornell, MI: less expensive homes
- Island View, MI: less expensive homes
Cities with Similar Populations
- South Westport, MA: higher priced homes
- El Verano, CA: higher priced homes
- Elba, NE: less expensive homes
- Ellery Center, NY: equally priced homes
- Elrama, PA: equally priced homes
- Emanuel, KY: less expensive homes
- Eris, OH: higher priced homes
- Essex, OH: higher priced homes
- Fair Oaks, TX: higher priced homes
- Fenton, LA: less expensive homes
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