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Affordable
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These days, finding an affordable place to live in the Skandia area can be challenging. Home prices in Skandia are now at a median cost of $233,886, lower than the Michigan average of $250,415.
The average cost of rent is $1,222/mo in Skandia, primarily driven by the current value of real estate in the Skandia area. In Skandia, 4.40% of households rent, and 43.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Skandia is $6,836 per month. Households that rent pay about 17.87% of their income on rent here. Skandia’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dukes, MI: less expensive homes
- K. I. Sawyer Air Force Base, MI: higher priced homes
- Green Garden, MI: equally priced homes
- Little Lake, MI: equally priced homes
- Lawson, MI: less expensive homes
- Sands, MI: equally priced homes
- Gwinn, MI: less expensive homes
- Mangum, MI: equally priced homes
- Ladoga, MI: less expensive homes
- New Swanzy, MI: equally priced homes
Cities with Similar Populations
- Baileys Prairie, TX: higher priced homes
- Prospect Hill, NC: less expensive homes
- Mount Tabor, NJ: higher priced homes
- Natural Bridge, NY: less expensive homes
- Oakland, OK: less expensive homes
- Pawnee City, NE: less expensive homes
- Pejepscot, ME: higher priced homes
- Philip, SD: less expensive homes
- Philo, CA: higher priced homes
- Pine Lake, GA: higher priced homes
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