| Albion, MI | |
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| State | Michigan |
| Population | 8,336 |
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In comparison to its nearby areas, Albion is a lot less expensive, and it's significantly less expensive compared to the United States as a whole. However compared to the city of Toledo, it's a little less expensive.
The median home value in Albion is $56,800. Compared to nearby areas this is approximately $40,340 (41%) lower.Compared to the entire nation it is roughly $160,700 (73%) lower, and is roughly $24,000 (29%) lower compared to the city of Toledo.
The median rent in Albion is $680 a month. Compared to its nearby areas this is approximately $44 (6%) lower.Compared to the entire country it is approximately $382 (35%) lower, and compared to the city of Toledo is about $45 (6%) lower.
Concord is roughly 6 miles southeast of Albion. Its real estate prices are substantially more expensive. The value of the median home in Concord is $113,200, which works out to $56,400 (49%) higher than Albion. The rent there is somewhat more expensive. In Concord the median rent is $723 a month, which comes out to $43 (5%) higher than Albion.
Homer is about 7 miles south of Albion. Its housing prices are significantly more expensive. The value of the median home in Homer is $84,700, which comes out to $27,900 (32%) higher than Albion. Rents there are a little less expensive. Homer's median rent is $635 per month, which is $45 (7%) lower than Albion.
Parma is roughly 7 miles east of Albion. Real estate prices there are significantly more expensive. The cost of the median home in Parma is $88,500, which comes out to $31,700 (35%) higher than Albion. Its rents are similar. The median rent in Parma is $675 a month, which is very similar to Albion.
Marshall is about 8 miles west of Albion. The housing prices there are a lot more expensive. The median home in Marshall costs $124,900, which is $68,100 (54%) higher than Albion. Its rents are somewhat more expensive. Marshall's median monthly rent is $732, which works out to $52 (7%) higher than Albion.
Springport is about 8 miles north of Albion. The real estate prices there are a bit more expensive. The median home in Springport is valued at $74,400, which comes out to $17,600 (23%) higher than Albion. The rent there is somewhat more expensive. Springport's median monthly rent is $854, which is $174 (20%) higher than Albion.