Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $80,610, lower than the Michigan average of $196,062.
The average cost of rent is $618/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. While nearly 61.30% of residents own their homes outright in Wakefield, 15.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $3,582 per month. Households that rent pay about 17.26% of their income on rent here. Wakefield's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Thomaston, MI: higher priced homes
- Ramsay, MI: less expensive homes
- Bessemer, MI: equally priced homes
- Hillcrest, MI: higher priced homes
- Hautala Corner, MI: higher priced homes
- Ironwood, MI: equally priced homes
- Hurley, WI: higher priced homes
- Van Buskirk, WI: higher priced homes
- Marenisco, MI: higher priced homes
- Auvinen Corner, MI: higher priced homes
Cities with Similar Populations
- Laymantown, VA: higher priced homes
- Germantown, IL: higher priced homes
- Gilmanton, NH: higher priced homes
- Winfield, TN: higher priced homes
- Hartley, IA: higher priced homes
- Hurstbourne Acres, KY: higher priced homes
- Interlaken, NY: higher priced homes
- West Yellowstone, MT: higher priced homes
- Jefferson, ME: higher priced homes
- Kingston, MI: higher priced homes
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