The Most Affordable Neighborhoods in Woodland Park, MI by Home Value

These days, finding an affordable place to live in the Woodland Park area can be challenging. Home prices in Woodland Park are now at a median cost of $117,200, lower than the Michigan average of $250,415.

The average cost of rent is $925/mo in Woodland Park, primarily driven by the current value of real estate in the Woodland Park area. In Woodland Park, 10.11% of households rent, and 60.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Woodland Park is $3,488 per month. Households that rent pay about 26.52% of their income on rent here. Woodland Park’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.

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