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These days, finding an affordable place to live in the Wetmore area can be challenging. Home prices in Wetmore are now at a median cost of $220,116, lower than the Michigan average of $250,415.
The average cost of rent is $516/mo in Wetmore, primarily driven by the current value of real estate in the Wetmore area. In Wetmore, 7.49% of households rent, and 49.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wetmore is $4,106 per month. Households that rent pay about 12.58% of their income on rent here. Wetmore’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Munising, MI: less expensive homes
- Dixon, MI: equally priced homes
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- Au Train, MI: equally priced homes
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- Shingleton, MI: less expensive homes
- Chatham, MI: equally priced homes
- Melstrand, MI: less expensive homes
- Limestone, MI: equally priced homes
- Steuben, MI: less expensive homes
Cities with Similar Populations
- The Galena Territory, IL: higher priced homes
- Ethete, WY: equally priced homes
- Etoile, TX: less expensive homes
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- Fredonia, AZ: higher priced homes
- Hartfield, VA: higher priced homes
- Hector, AR: less expensive homes
- Hickman, CA: higher priced homes
- Highland, WI: equally priced homes
- Hill City, MN: equally priced homes
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