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These days, finding an affordable place to live in the Watervale area can be challenging. Home prices in Watervale are now at a median cost of $286,600, higher than the Michigan average of $250,415.
The average cost of rent is $1,125/mo in Watervale, primarily driven by the current value of real estate in the Watervale area. In Watervale, 8.27% of households rent, and 63.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Watervale is $7,049 per month. Households that rent pay about 15.96% of their income on rent here. Watervale’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arcadia, MI: less expensive homes
- Elberta, MI: equally priced homes
- Benzonia, MI: less expensive homes
- Frankfort, MI: higher priced homes
- Pierport, MI: less expensive homes
- Bear Lake, MI: less expensive homes
- Beulah, MI: higher priced homes
- Honor, MI: higher priced homes
- Onekama, MI: less expensive homes
- Thompsonville, MI: less expensive homes
Cities with Similar Populations
- Sherman, WV: less expensive homes
- Leflore, MS: less expensive homes
- Lenox, TN: less expensive homes
- Lonepine, MT: equally priced homes
- Louisburg, WI: less expensive homes
- Louvale, GA: less expensive homes
- Shaw Island, WA: higher priced homes
- Shaw, KS: less expensive homes
- Shawvers Crossing, WV: less expensive homes
- Sheep Ranch, CA: higher priced homes
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