The Most Affordable Neighborhoods in Wainola, MI by Home Value

 

Wainola, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Wainola area can be challenging. Home prices in Wainola are now at a median cost of $95,000, lower than the Michigan average of $196,062.

The average cost of rent is $1,047/mo in Wainola, primarily driven by the current value of real estate in the Wainola area. While nearly 72.93% of residents own their homes outright in Wainola, 7.29% rent.

Housing affordability isn’t just about home prices, though. The average household income in Wainola is $3,686 per month. Households that rent pay about 28.41% of their income on rent here. Wainola's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.


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