Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spalding area can be challenging. Home prices in Spalding are now at a median cost of $142,287, lower than the Michigan average of $196,062.
The average cost of rent is $786/mo in Spalding, primarily driven by the current value of real estate in the Spalding area. While nearly 50.24% of residents own their homes outright in Spalding, 8.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spalding is $5,263 per month. Households that rent pay about 14.93% of their income on rent here. Spalding's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Powers, MI: less expensive homes
- Wilson, MI: equally priced homes
- Hermansville, MI: less expensive homes
- Nadeau, MI: less expensive homes
- Carney, MI: equally priced homes
- Harris, MI: higher priced homes
- Whitney, MI: equally priced homes
- Schaffer, MI: equally priced homes
- Bark River, MI: equally priced homes
- Tesch, MI: equally priced homes
Cities with Similar Populations
- Luxemburg, IA: higher priced homes
- Scammon, KS: less expensive homes
- Savage, MT: higher priced homes
- Sara, WA: higher priced homes
- Santa, ID: higher priced homes
- San Ygnacio, TX: less expensive homes
- Salem Heights, IN: higher priced homes
- Marion Heights, PA: less expensive homes
- Malone, TX: less expensive homes
- Mackville, KY: less expensive homes
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