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These days, finding an affordable place to live in the Wakelee area can be challenging. Home prices in Wakelee are now at a median cost of $230,173, lower than the Michigan average of $250,415.
The average cost of rent is $1,019/mo in Wakelee, primarily driven by the current value of real estate in the Wakelee area. In Wakelee, 10.68% of households rent, and 43.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakelee is $6,656 per month. Households that rent pay about 15.30% of their income on rent here. Wakelee’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Penn, MI: higher priced homes
- Nicholsville, MI: equally priced homes
- Vandalia, MI: equally priced homes
- Marcellus, MI: equally priced homes
- La Grange, MI: less expensive homes
- Cassopolis, MI: less expensive homes
- Howardsville, MI: equally priced homes
- Jones, MI: equally priced homes
- Glenwood, MI: less expensive homes
- Decatur, MI: less expensive homes
Cities with Similar Populations
- Sherburnville, IL: higher priced homes
- Lonetree, IN: less expensive homes
- Long Creek, SC: less expensive homes
- Longview, MS: less expensive homes
- Lookout, WV: less expensive homes
- Loomis, NY: less expensive homes
- Lopez, PA: less expensive homes
- Shaw, MN: higher priced homes
- Shawnee Mission, KS: higher priced homes
- Shawswick, IN: equally priced homes
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