The Most Affordable Neighborhoods in South Riley, MI by Home Value

 

South Riley, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the South Riley area can be challenging. Home prices in South Riley are now at a median cost of $215,123, higher than the Michigan average of $196,062.

The average cost of rent is $832/mo in South Riley, primarily driven by the current value of real estate in the South Riley area. While nearly 38.29% of residents own their homes outright in South Riley, 6.69% rent.

Housing affordability isn’t just about home prices, though. The average household income in South Riley is $7,790 per month. Households that rent pay about 10.68% of their income on rent here. South Riley's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.


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