Home Price Key
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These days, finding an affordable place to live in the Shanghai Corners area can be challenging. Home prices in Shanghai Corners are now at a median cost of $162,483, lower than the Michigan average of $196,062.
The average cost of rent is $993/mo in Shanghai Corners, primarily driven by the current value of real estate in the Shanghai Corners area. While nearly 55.32% of residents own their homes outright in Shanghai Corners, 9.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shanghai Corners is $4,902 per month. Households that rent pay about 20.26% of their income on rent here. Shanghai Corners's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
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