The Most Affordable Neighborhoods in Wyoming, MI by Home Value

These days, finding an affordable place to live in the Wyoming area can be challenging. Home prices in Wyoming are now at a median cost of $219,663, lower than the Michigan average of $250,415.

The average cost of rent is $1,216/mo in Wyoming, primarily driven by the current value of real estate in the Wyoming area. In Wyoming, 33.41% of households rent, and 32.07% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Wyoming is $5,965 per month. Households that rent pay about 20.38% of their income on rent here. Wyoming’s most expensive areas are in the southwestern 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.

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