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Affordable
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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 $158,725, lower than the Michigan average of $250,415.
The average cost of rent is $956/mo in Spratt, primarily driven by the current value of real estate in the Spratt area. In Spratt, 6.26% of households rent, and 58.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spratt is $5,181 per month. Households that rent pay about 18.46% of their income on rent here. Spratt’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.
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: equally 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: equally priced homes
- McIntosh, FL: equally priced homes
- Mabie, WV: less expensive homes
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