The Most Affordable Neighborhoods in Skidway Lake, MI by Home Value

These days, finding an affordable place to live in the Skidway Lake area can be challenging. Home prices in Skidway Lake are now at a median cost of $80,083, lower than the Michigan average of $250,415.

The average cost of rent is $851/mo in Skidway Lake, primarily driven by the current value of real estate in the Skidway Lake area. In Skidway Lake, 17.97% of households rent, and 64.72% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Skidway Lake is $3,698 per month. Households that rent pay about 23.01% of their income on rent here. Skidway Lake’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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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