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These days, finding an affordable place to live in the Toivola area can be challenging. Home prices in Toivola are now at a median cost of $213,264, lower than the Michigan average of $250,415.
The average cost of rent is $873/mo in Toivola, primarily driven by the current value of real estate in the Toivola area. In Toivola, 8.84% of households rent, and 58.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Toivola is $6,034 per month. Households that rent pay about 14.46% of their income on rent here. Toivola’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Twin Lakes, MI: equally priced homes
- Winona, MI: less expensive homes
- Painesdale, MI: less expensive homes
- Trimountain, MI: less expensive homes
- Tapiola, MI: equally priced homes
- Arnheim, MI: less expensive homes
- South Range, MI: less expensive homes
- Elo, MI: less expensive homes
- Atlantic Mine, MI: higher priced homes
- Nisula, MI: less expensive homes
Cities with Similar Populations
- Wickersham, WA: higher priced homes
- Claryville, NY: higher priced homes
- Clyde, MO: less expensive homes
- Coakley, KY: less expensive homes
- Cofield Corner, IN: higher priced homes
- Coin, IA: less expensive homes
- Coldspring, MO: less expensive homes
- College Hill, OH: equally priced homes
- Columbia, IN: less expensive homes
- Crowheart, WY: higher priced homes
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