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These days, finding an affordable place to live in the Twin Lake area can be challenging. Home prices in Twin Lake are now at a median cost of $225,419, lower than the Michigan average of $250,415.
The average cost of rent is $911/mo in Twin Lake, primarily driven by the current value of real estate in the Twin Lake area. In Twin Lake, 5.53% of households rent, and 35.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Twin Lake is $7,348 per month. Households that rent pay about 12.40% of their income on rent here. Twin Lake’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lakewood Club, MI: less expensive homes
- Wolf Lake, MI: less expensive homes
- Holton, MI: less expensive homes
- Brunswick, MI: less expensive homes
- Muskegon, MI: less expensive homes
- North Muskegon, MI: higher priced homes
- Whitehall, MI: higher priced homes
- Muskegon Heights, MI: less expensive homes
- Reeman, MI: less expensive homes
- Moorland, MI: less expensive homes
Cities with Similar Populations
- Somerset, TX: less expensive homes
- Henrietta, NY: equally priced homes
- Herkimer, NY: less expensive homes
- House Springs, MO: equally priced homes
- Huntington, VA: higher priced homes
- Incline Village, NV: higher priced homes
- Indian Harbour Beach, FL: higher priced homes
- Sisters, OR: higher priced homes
- Solvang, CA: higher priced homes
- Somerdale, NJ: higher priced homes
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