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Affordable
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These days, finding an affordable place to live in the Yale area can be challenging. Home prices in Yale are now at a median cost of $177,930, lower than the Michigan average of $250,415.
The average cost of rent is $981/mo in Yale, primarily driven by the current value of real estate in the Yale area. In Yale, 21.74% of households rent, and 39.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Yale is $5,296 per month. Households that rent pay about 18.52% of their income on rent here. Yale’s most expensive areas are in the western 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
- Roseburg, MI: higher priced homes
- Valley Center, MI: equally priced homes
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- Avoca, MI: higher priced homes
- Riley Center, MI: higher priced homes
- Capac, MI: higher priced homes
- Peck, MI: less expensive homes
- Ruby, MI: higher priced homes
Cities with Similar Populations
- Wray, CO: higher priced homes
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- Granite Falls, MN: less expensive homes
- Gosnell, AR: less expensive homes
- Fontana-on-Geneva Lake, WI: higher priced homes
- Fe Warren Afb, WY: higher priced homes
- Eunice, NM: less expensive homes
- Edgewood, PA: higher priced homes
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