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These days, finding an affordable place to live in the Verona area can be challenging. Home prices in Verona are now at a median cost of $213,895, lower than the Michigan average of $250,415.
The average cost of rent is $799/mo in Verona, primarily driven by the current value of real estate in the Verona area. In Verona, 5.75% of households rent, and 66.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Verona is $5,815 per month. Households that rent pay about 13.73% of their income on rent here. Verona’s most expensive areas are in the southwestern 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
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Cities with Similar Populations
- Rose Lawn, WI: higher priced homes
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- Rocky Hill, AR: less expensive homes
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