Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spratt area can be challenging. Home prices in Spratt are now at a median cost of $111,572, lower than the Michigan average of $196,062.
The average cost of rent is $785/mo in Spratt, primarily driven by the current value of real estate in the Spratt area. While nearly 51.35% of residents own their homes outright in Spratt, 3.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spratt is $4,707 per month. Households that rent pay about 16.67% of their income on rent here. Spratt's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Lachine, MI: equally priced homes
- Herron, MI: equally priced homes
- Hubbard Lake, MI: higher priced homes
- Hillman, MI: equally priced homes
- Cathro, MI: equally priced homes
- Alpena, MI: higher priced homes
- Ossineke, MI: equally priced homes
- Alpena Junction, MI: higher priced homes
- Spruce, MI: higher priced homes
- Posen, MI: equally priced homes
Cities with Similar Populations
- Rochester, IA: higher priced homes
- Maples, IN: higher priced homes
- Marlboro, VT: higher priced homes
- Marston, MO: less expensive homes
- Martinsville, MS: less expensive homes
- Adams, KY: less expensive homes
- Maxwell, NM: higher priced homes
- Mc Connell, IL: higher priced homes
- McIntosh, FL: equally priced homes
- Mabie, WV: less expensive homes
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