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These days, finding an affordable place to live in the Scott Lake area can be challenging. Home prices in Scott Lake are now at a median cost of $74,200, lower than the Michigan average of $196,062.
The average cost of rent is $613/mo in Scott Lake, primarily driven by the current value of real estate in the Scott Lake area. While nearly 64.96% of residents own their homes outright in Scott Lake, 18.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Scott Lake is $3,938 per month. Households that rent pay about 15.57% of their income on rent here. Scott Lake's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Gaastra, MI: equally priced homes
- Caspian, MI: equally priced homes
- Stambaugh, MI: equally priced homes
- Iron River, MI: higher priced homes
- Pentoga, MI: higher priced homes
- Tipler, WI: higher priced homes
- Mineral Hills, MI: equally priced homes
- Fortune Lake, MI: higher priced homes
- Alpha, MI: higher priced homes
- Long Lake, WI: higher priced homes
Cities with Similar Populations
- Farrar, TX: higher priced homes
- Womack, MO: higher priced homes
- Four Corners, ME: higher priced homes
- Fosters Falls, VA: higher priced homes
- Fort Indiantown Gap, PA: higher priced homes
- Fishers Landing, AZ: higher priced homes
- Fieldton, TX: less expensive homes
- Ficklin, IL: higher priced homes
- Fernwood, OR: higher priced homes
- Ferguson Crossroads, AR: less expensive homes
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