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These days, finding an affordable place to live in the Talbot area can be challenging. Home prices in Talbot are now at a median cost of $200,378, lower than the Michigan average of $250,415.
The average cost of rent is $854/mo in Talbot, primarily driven by the current value of real estate in the Talbot area. In Talbot, 6.74% of households rent, and 49.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Talbot is $5,645 per month. Households that rent pay about 15.12% of their income on rent here. Talbot’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Daggett, MI: less expensive homes
- Stephenson, MI: less expensive homes
- Banat, MI: less expensive homes
- Carney, MI: equally priced homes
- Nadeau, MI: less expensive homes
- Gardner, MI: less expensive homes
- Ingalls, MI: less expensive homes
- Longrie, MI: less expensive homes
- Nathan, MI: less expensive homes
- Cedar River, MI: equally priced homes
Cities with Similar Populations
- Sturges Corner, NY: equally priced homes
- Gills Rock, WI: higher priced homes
- Girvin, TX: less expensive homes
- Gleason, PA: less expensive homes
- Glen Cove, TX: less expensive homes
- Glen Dean, KY: less expensive homes
- Glen Savage, PA: less expensive homes
- Glencliff, GA: higher priced homes
- Stumptown, WV: less expensive homes
- Gilchrist, TX: higher priced homes
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