Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Waters area can be challenging. Home prices in Waters are now at a median cost of $146,561, lower than the Michigan average of $196,062.
The average cost of rent is $825/mo in Waters, primarily driven by the current value of real estate in the Waters area. While nearly 36.68% of residents own their homes outright in Waters, 8.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waters is $5,546 per month. Households that rent pay about 14.87% of their income on rent here. Waters's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Otsego Lake, MI: equally priced homes
- Frederic, MI: less expensive homes
- Oak Grove, MI: higher priced homes
- Gaylord, MI: higher priced homes
- Eyedylwild Beach, MI: equally priced homes
- Lovells, MI: less expensive homes
- Grayling, MI: less expensive homes
- McIntyre Landing, MI: equally priced homes
- Johannesburg, MI: equally priced homes
- Sparr, MI: higher priced homes
Cities with Similar Populations
- Wynot, NE: less expensive homes
- Wingate, IN: less expensive homes
- Wingina, VA: equally priced homes
- Winton, MN: higher priced homes
- Winway, KS: equally priced homes
- Lanesboro, PA: less expensive homes
- Woodard, NC: less expensive homes
- Woods Cross Roads, VA: higher priced homes
- Lake Brownwood, TX: higher priced homes
- Wyandot, OH: equally priced homes
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