Eastwood, Michigan Real Estate & Housing Market

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Eastwood Housing Information

Index	Eastwood	Michigan	National
Median home price	$83,700	$127,800	$184,700
Median rent asked	$792	$799	$949
Avg. people per household	2.4	2.5	2.6
Owner occupied households	58.6%	70.8%	63.6%
Renter occupied households	41.4%	29.2%	36.4%

Above is a snapshot look at the real estate market in Eastwood, MI. In Eastwood, MI, the median house price is $83,700, making the price 35% lower than that the average for Michigan. Therefore, the affordability of Eastwood, MI area real estate is more affordable than the real estate in other areas of Michigan. In addition, Eastwood, MI has a median rent price of $792; this price is 1% lower than that the average rental price for Michigan. 58.6% of residents in Eastwood, MI are homeowners, and the average amount of people who reside in each home is 2.4. Eastwood, MI has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Eastwood, MI real estate for sale.

Eastwood Home Affordability

When looking for real estate in Eastwood, MI, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Eastwood, MI, the median price of a home is $83,700 and $40,971 is the median household income. This means that the home price to income ratio is 2.0x, a ratio that is 19% lower than the average in Michigan. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Eastwood, MI will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Eastwood, MI.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Galesburg, MI	2,053	$67,800	63%
Augusta, MI	914	$80,500	56%
Level Park-Oak Park, MI	3,569	$95,100	49%
Kalamazoo, MI	75,885	$96,600	48%
Mattawan, MI	2,282	$97,700	47%
Eastwood, MI	5,713	$83,700	55%

Cities with similar population

City, State	Population	Home Price	National Avg.
Belvedere, SC	5,714	$87,200	53%
Harrah, OK	5,714	$145,300	21%
Blauvelt, NY	5,711	$489,700	165%
Belmar, NJ	5,715	$568,900	208%
Windcrest, TX	5,709	$171,800	7%
Eastwood, MI	5,713	$83,700	55%

Source: The Eastwood, MI housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).