Home prices
The cost of the median home in Honor is $110,600. In comparison to nearby areas it is about $62,300 (36%) lower.Compared to the rest of the nation it is approximately $106,900 (49%) lower, and is approximately $155,500 (58%) lower compared to the city of Traverse City.
Rents
In Honor the median monthly rent is $850. In comparison to the surrounding areas this is roughly $256 (43%) higher.In comparison to the rest of the nation it is about $212 (19%) lower, and compared to the city of Traverse City it is approximately $55 (6%) lower.
Nearby places
Beulah
Beulah is approximately 3 miles southwest of Honor. Housing prices there are a little more expensive. The median home in Beulah costs $152,800, which is $42,200 (27%) higher than Honor. Rents there are a lot less expensive. In Beulah the median rent is $356 a month, which is $494 (138%) lower than Honor.
Benzonia
Benzonia is about 4 miles southwest of Honor. Housing prices there are fairly similar. The median home value in Benzonia is $116,100, which comes out to $5,500 (4%) higher than Honor. Rents there are a bit less expensive. The median rent in Benzonia is $675 per month, which comes out to $175 (25%) lower than Honor.
Lake Ann
Lake Ann is approximately 8 miles northeast from Honor. The housing prices there are a lot more expensive. The median home in Lake Ann costs $180,700, which works out to $70,100 (38%) higher than Honor. Its rents are a little more expensive. Lake Ann's median rent is $950 a month, which works out to $100 (10%) higher than Honor.
Frankfort
Frankfort is about 9 miles west from Honor. Its housing prices are significantly more expensive. The cost of the median home in Frankfort is $187,500, which works out to $76,900 (41%) higher than Honor. Rent there is a lot less expensive. In Frankfort the median rent is $629 a month, which works out to $221 (35%) lower than Honor.
Empire
Empire is roughly 9 miles north from Honor. Housing prices there are substantially more expensive. The median home in Empire is valued at $227,400, which works out to $116,800 (51%) higher than Honor. Its rents are significantly less expensive. Empire's median rent is $361 per month, which comes out to $489 (135%) lower than Honor.
