Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Three Lakes area can be challenging. Home prices in Three Lakes are now at a median cost of $150,446, lower than the Michigan average of $196,062.
The average cost of rent is $639/mo in Three Lakes, primarily driven by the current value of real estate in the Three Lakes area. While nearly 63.01% of residents own their homes outright in Three Lakes, 6.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Three Lakes is $4,338 per month. Households that rent pay about 14.72% of their income on rent here. Three Lakes's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Michigamme, MI: less expensive homes
- Herman, MI: less expensive homes
- Champion, MI: less expensive homes
- Republic, MI: less expensive homes
- Covington, MI: equally priced homes
- Diorite, MI: equally priced homes
- L'Anse, MI: less expensive homes
- Witch Lake, MI: less expensive homes
- Zeba, MI: less expensive homes
- Watton, MI: equally priced homes
Cities with Similar Populations
- East Stanwood, WA: higher priced homes
- Eliasville, TX: higher priced homes
- Eldorado Center, TX: less expensive homes
- Elderville, IL: less expensive homes
- El Ancon, NM: equally priced homes
- Ekwok, AK: less expensive homes
- Egnar, CO: higher priced homes
- Egeland, ND: less expensive homes
- Edwards Hill, NY: equally priced homes
- Edgewood, MN: higher priced homes
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