Similar to its nearby areas, it's substantially less expensive compared to the nation as a whole. However compared to the city of Fort Wayne, it is a little less expensive.
Home prices
The median home in Michigantown costs $87,000. It is approximately $920 (1%) lower in comparison to the surrounding areas.It is about $130,500 (60%) lower in comparison to the US as a whole, and is approximately $28,100 (24%) lower in comparison to the city of Fort Wayne.
Rents
Michigantown's median rent is $796 per month. This is about $116 (17%) higher in comparison to its nearby areas.It is roughly $266 (25%) lower compared to the US as a whole, and it is approximately $32 (4%) higher in comparison to the city of Fort Wayne.
Nearby places
Frankfort
Frankfort is approximately 6 miles southwest of Michigantown. Its housing prices are similar. Frankfort's median home price is $83,400, which works out to $3,600 (4%) lower than Michigantown. Rents there are somewhat less expensive. Frankfort's median monthly rent is $711, which comes out to $85 (11%) lower than Michigantown.
Kempton
Kempton is roughly 7 miles east from Michigantown. Its housing prices are a little less expensive. The median home in Kempton costs $67,600, which works out to $19,400 (28%) lower than Michigantown. Rent there is a little more expensive. In Kempton the median rent is $842 per month, which is $46 (5%) higher than Michigantown.
Russiaville
Russiaville is about 8 miles northeast from Michigantown. Its housing prices are a bit more expensive. Russiaville's median home price is $117,700, which works out to $30,700 (26%) higher than Michigantown. Rent there is significantly less expensive. In Russiaville the median rent is $575 a month, which is $221 (38%) lower than Michigantown.
Kirklin
Kirklin is approximately 9 miles south from Michigantown. Housing prices there are a bit less expensive. Kirklin's median home price is $72,600, which comes out to $14,400 (19%) lower than Michigantown. Rent there is a little less expensive. In Kirklin the median monthly rent is $728, which is $68 (9%) lower than Michigantown.
Burlington
Burlington is about 10 miles north of Michigantown. Its real estate prices are somewhat more expensive. The cost of the median home in Burlington is $98,300, which comes out to $11,300 (11%) higher than Michigantown. The rent there is significantly less expensive. In Burlington the median monthly rent is $542, which comes out to $254 (46%) lower than Michigantown.
