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Affordable
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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 $187,789, lower than the Michigan average of $250,415.
The average cost of rent is $1,183/mo in Waters, primarily driven by the current value of real estate in the Waters area. In Waters, 13.33% of households rent, and 49.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waters is $5,829 per month. Households that rent pay about 20.30% of their income on rent here. Waters’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Otsego Lake, MI: equally priced homes
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- Oak Grove, MI: higher priced homes
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- Eyedylwild Beach, MI: higher priced homes
- Lovells, MI: equally priced homes
- Grayling, MI: less expensive homes
- McIntyre Landing, MI: equally priced homes
- Johannesburg, MI: higher priced homes
- Sparr, MI: higher priced homes
Cities with Similar Populations
- Wynot, NE: less expensive homes
- Wingate, IN: less expensive homes
- Wingina, VA: higher priced homes
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- 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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