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These days, finding an affordable place to live in the Stonington area can be challenging. Home prices in Stonington are now at a median cost of $180,326, lower than the Michigan average of $250,415.
The average cost of rent is $816/mo in Stonington, primarily driven by the current value of real estate in the Stonington area. In Stonington, 8.80% of households rent, and 49.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Stonington is $6,207 per month. Households that rent pay about 13.14% of their income on rent here. Stonington’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Maywood, MI: equally priced homes
- Escanaba, MI: less expensive homes
- Wells, MI: equally priced homes
- Gladstone, MI: less expensive homes
- Groos, MI: less expensive homes
- Ford River, MI: equally priced homes
- Kipling, MI: less expensive homes
- Garth, MI: equally priced homes
- Rapid River, MI: equally priced homes
- St. Jacques, MI: equally priced homes
Cities with Similar Populations
- Sherack, MN: higher priced homes
- Joppa, KY: less expensive homes
- Jugtown, MD: higher priced homes
- Juniata, IA: higher priced homes
- Junius, SD: equally priced homes
- Kabob, NY: less expensive homes
- Kaibab, AZ: higher priced homes
- Kalgary, TX: equally priced homes
- Lanyon, IA: less expensive homes
- Sevier, UT: higher priced homes
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