Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Stony Lake area can be challenging. Home prices in Stony Lake are now at a median cost of $193,319, lower than the Michigan average of $196,062.
The average cost of rent is $664/mo in Stony Lake, primarily driven by the current value of real estate in the Stony Lake area. While nearly 52.21% of residents own their homes outright in Stony Lake, 6.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Stony Lake is $5,684 per month. Households that rent pay about 11.67% of their income on rent here. Stony Lake's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Little Point Sable, MI: less expensive homes
- New Era, MI: less expensive homes
- Rothbury, MI: less expensive homes
- Shelby, MI: less expensive homes
- Mears, MI: equally priced homes
- Montague, MI: less expensive homes
- Hart, MI: less expensive homes
- Whitehall, MI: equally priced homes
- Lakewood Club, MI: less expensive homes
- Pentwater, MI: higher priced homes
Cities with Similar Populations
- Speedwell, VA: less expensive homes
- Innsbrook, MO: higher priced homes
- Jenners, PA: less expensive homes
- Lacomb, OR: higher priced homes
- Lahmansville, WV: equally priced homes
- Sinai, SD: equally priced homes
- Singleton, CO: higher priced homes
- Skinnersburg, KY: equally priced homes
- Soldier Creek, SD: less expensive homes
- South Northfield, VT: equally priced homes
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