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These days, finding an affordable place to live in the Wilmot area can be challenging. Home prices in Wilmot are now at a median cost of $149,782, lower than the Michigan average of $250,415.
The average cost of rent is $874/mo in Wilmot, primarily driven by the current value of real estate in the Wilmot area. In Wilmot, 13.91% of households rent, and 49.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wilmot is $5,152 per month. Households that rent pay about 16.96% of their income on rent here. Wilmot’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- DeFord, MI: higher priced homes
- Kingston, MI: equally priced homes
- Hemans, MI: equally priced homes
- East Dayton, MI: higher priced homes
- Decker, MI: higher priced homes
- Shabbona, MI: less expensive homes
- Caro, MI: less expensive homes
- Cass City, MI: less expensive homes
- Wickware, MI: equally priced homes
- Clifford, MI: higher priced homes
Cities with Similar Populations
- Capulin, CO: higher priced homes
- Timberon, NM: less expensive homes
- Clarksburg, IN: higher priced homes
- Clare, KY: higher priced homes
- Chelsea, WI: higher priced homes
- Catons Grove, TN: higher priced homes
- Castle Valley, UT: higher priced homes
- Cassel, CA: higher priced homes
- Carson, ND: less expensive homes
- Carnes, MS: higher priced homes
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