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Affordable
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These days, finding an affordable place to live in the Sears area can be challenging. Home prices in Sears are now at a median cost of $139,338, lower than the Michigan average of $250,415.
The average cost of rent is $851/mo in Sears, primarily driven by the current value of real estate in the Sears area. In Sears, 8.88% of households rent, and 53.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sears is $4,492 per month. Households that rent pay about 18.93% of their income on rent here. Sears’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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