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These days, finding an affordable place to live in the Tobico Beach area can be challenging. Home prices in Tobico Beach are now at a median cost of $181,808, lower than the Michigan average of $250,415.
The average cost of rent is $816/mo in Tobico Beach, primarily driven by the current value of real estate in the Tobico Beach area. In Tobico Beach, 6.22% of households rent, and 44.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tobico Beach is $6,100 per month. Households that rent pay about 13.38% of their income on rent here. Tobico Beach’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Killarney Beach, MI: higher priced homes
- Kawkawlin, MI: equally priced homes
- Bay City, MI: less expensive homes
- Essexville, MI: equally priced homes
- Linwood, MI: equally priced homes
- Auburn, MI: equally priced homes
- University Center, MI: higher priced homes
- Willard, MI: higher priced homes
- Fisherville, MI: equally priced homes
- Quanicassee, MI: equally priced homes
Cities with Similar Populations
- Draper, SD: less expensive homes
- Wiscoy, NY: less expensive homes
- East Sutton, NH: higher priced homes
- East Danville, OH: higher priced homes
- Earlville, PA: higher priced homes
- Duke, MO: equally priced homes
- Dudley, WI: higher priced homes
- Duco, KY: less expensive homes
- Dry Pond, GA: higher priced homes
- Winthrop, IN: higher priced homes
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