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These days, finding an affordable place to live in the Thomaston area can be challenging. Home prices in Thomaston are now at a median cost of $155,052, lower than the Michigan average of $250,415.
The average cost of rent is $829/mo in Thomaston, primarily driven by the current value of real estate in the Thomaston area. In Thomaston, 10.80% of households rent, and 56.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Thomaston is $5,076 per month. Households that rent pay about 16.33% of their income on rent here. Thomaston’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wakefield, MI: less expensive homes
- Ramsay, MI: less expensive homes
- Bessemer, MI: less expensive homes
- Hautala Corner, MI: equally priced homes
- Hillcrest, MI: equally priced homes
- Ironwood, MI: less expensive homes
- Auvinen Corner, MI: equally priced homes
- Marenisco, MI: higher priced homes
- Hurley, WI: less expensive homes
- Van Buskirk, WI: higher priced homes
Cities with Similar Populations
- Fitzhugh, AR: equally priced homes
- West Lance Creek, WY: higher priced homes
- West Ontario, ND: less expensive homes
- Westlake, ID: higher priced homes
- Frenchmans Bayou, AR: less expensive homes
- Freetown, KY: less expensive homes
- Frederick, KS: less expensive homes
- Four Mile, MS: less expensive homes
- Fort Griffin, TX: less expensive homes
- Forest, ME: less expensive homes
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