Home prices
The median home in Empire is valued at $227,400. In comparison to its nearby areas it is about $90,020 (65%) higher.It is roughly $9,900 (4%) higher in comparison to the nation as a whole, and it is about $38,700 (14%) lower compared to the city of Traverse City.
Rents
In Empire the median rent is $361 a month. This is about $380 (51%) lower in comparison to other places in this area.It is approximately $701 (66%) lower compared to the US as a whole, and is approximately $544 (60%) lower in comparison to the city of Traverse City.
Nearby places
Maple City
Maple City is approximately 8 miles east from Empire. The real estate prices there are substantially less expensive. Maple City's median home price is $126,700, which is $100,700 (79%) lower than Empire. Its rents are substantially more expensive. Maple City's median rent is $875 a month, which works out to $514 (58%) higher than Empire.
Honor
Honor is approximately 9 miles south of Empire. The real estate prices there are substantially less expensive. The median home in Honor is valued at $110,600, which is $116,800 (105%) lower than Empire. The rent there is substantially more expensive. The median rent in Honor is $850 per month, which is $489 (57%) higher than Empire.
Lake Ann
Lake Ann is roughly 10 miles southeast of Empire. Its real estate prices are a little less expensive. Lake Ann's median home cost is $180,700, which is $46,700 (25%) lower than Empire. Rent there is substantially more expensive. Lake Ann's median rent is $950 per month, which works out to $589 (62%) higher than Empire.
Beulah
Beulah is about 11 miles south of Empire. Its housing prices are significantly less expensive. The median home in Beulah is valued at $152,800, which comes out to $74,600 (48%) lower than Empire. Rents there are fairly similar. The median rent in Beulah is $356 a month, which works out to $5 (1%) lower than Empire.
Benzonia
Benzonia is about 12 miles south of Empire. Its real estate prices are substantially less expensive. Benzonia's median home cost is $116,100, which works out to $111,300 (95%) lower than Empire. Rents there are significantly more expensive. Benzonia's median monthly rent is $675, which works out to $314 (46%) higher than Empire.
