Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Solon area can be challenging. Home prices in Solon are now at a median cost of $245,164, higher than the Michigan average of $196,062.
The average cost of rent is $1,026/mo in Solon, primarily driven by the current value of real estate in the Solon area. While nearly 41.05% of residents own their homes outright in Solon, 6.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Solon is $5,389 per month. Households that rent pay about 19.04% of their income on rent here. Solon's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Cedar, MI: equally priced homes
- Greilickville, MI: higher priced homes
- Lake Ann, MI: less expensive homes
- Maple City, MI: higher priced homes
- Glen Haven, MI: higher priced homes
- Maple Grove, MI: less expensive homes
- Isadore, MI: higher priced homes
- Traverse City, MI: higher priced homes
- Interlochen, MI: equally priced homes
- Empire, MI: higher priced homes
Cities with Similar Populations
- Reno, KS: equally priced homes
- Moore, MT: higher priced homes
- Mooresburg, PA: less expensive homes
- Morganton, AR: less expensive homes
- Morrill, MN: equally priced homes
- Morristown, IL: less expensive homes
- Mosca, CO: less expensive homes
- Motley, VA: less expensive homes
- Purysburgh, SC: less expensive homes
- Monument Beach, MA: higher priced homes
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