Home prices
The median home in Michigan City is valued at $89,900. Compared to other places in this area it is approximately $182,340 (66%) lower.Compared to the entire country it is approximately $127,600 (58%) lower, and it is about $168,100 (65%) lower compared to the city of Chicago.
Rents
Michigan City's median monthly rent is $752. Compared to nearby areas this is about $198 (20%) lower.It is about $310 (29%) lower compared to the rest of the nation, and it is about $360 (32%) lower in comparison to the city of Chicago.
Nearby places
Trail Creek
Trail Creek is Michigan City's neighbor to the southeast. Real estate prices there are a lot more expensive. The median home in Trail Creek costs $135,500, which comes out to $45,600 (33%) higher than Michigan City. Its rents are a little more expensive. The median rent in Trail Creek is $1,036 a month, which comes out to $284 (27%) higher than Michigan City.
Long Beach
Long Beach is Michigan City's neighbor to the north. Its housing prices are substantially more expensive. The median home in Long Beach costs $437,500, which is $347,600 (79%) higher than Michigan City. The rent there is substantially more expensive. In Long Beach the median rent is $1,125 a month, which comes out to $373 (33%) higher than Michigan City.
Town of Pines
Town of Pines is Michigan City's neighbor to the west. The housing prices there are somewhat more expensive. Town of Pines's median home value is $100,400, which works out to $10,500 (10%) higher than Michigan City. Its rents are a little less expensive. Town of Pines's median rent is $705 per month, which works out to $47 (6%) lower than Michigan City.
Beverly Shores
Beverly Shores is Michigan City's neighbor to the west. Its housing prices are significantly more expensive. The median home in Beverly Shores is valued at $464,700, which works out to $374,800 (80%) higher than Michigan City. Rents there are a little more expensive. Beverly Shores's median rent is $979 a month, which comes out to $227 (23%) higher than Michigan City.
New Buffalo
New Buffalo is roughly 7 miles northeast from Michigan City. Real estate prices there are a lot more expensive. New Buffalo's median home price is $223,100, which is $133,200 (59%) higher than Michigan City. Rent there is a little more expensive. In New Buffalo the median monthly rent is $903, which works out to $151 (16%) higher than Michigan City.
