Home prices
The median home cost in Mackinac Island is $373,300. It is about $262,500 (236%) higher compared to nearby areas.Compared to the United States as a whole it is about $155,800 (71%) higher, and compared to the city of Sault Ste. Marie it is roughly $280,800 (303%) higher.
Rents
Mackinac Island's median monthly rent is $595. This is about $82 (12%) lower in comparison to nearby areas.In comparison to the rest of the country it is roughly $467 (43%) lower, and in comparison to the city of Sault Ste. Marie it is about $103 (14%) lower.
Nearby places
St. Ignace
St. Ignace is about 4 miles west from Mackinac Island. Housing prices there are significantly less expensive. The median home in St. Ignace costs $113,300, which comes out to $260,000 (229%) lower than Mackinac Island. Its rents are fairly similar. In St. Ignace the median rent is $605 a month, which works out to $10 (1%) higher than Mackinac Island.
Mackinaw City
Mackinaw City is roughly 7 miles southwest of Mackinac Island. Its real estate prices are substantially less expensive. The median home cost in Mackinaw City is $151,600, which works out to $221,700 (146%) lower than Mackinac Island. Rents there are a bit more expensive. Mackinaw City's median rent is $686 per month, which works out to $91 (13%) higher than Mackinac Island.
Carp Lake
Carp Lake is roughly 11 miles southwest of Mackinac Island. Its real estate prices are a lot less expensive. The cost of the median home in Carp Lake is $122,500, which works out to $250,800 (204%) lower than Mackinac Island. Rents there are a little less expensive. In Carp Lake the median monthly rent is $525, which is $70 (13%) lower than Mackinac Island.
Cheboygan
Cheboygan is about 14 miles southeast from Mackinac Island. Its real estate prices are substantially less expensive. Cheboygan's median home price is $80,600, which comes out to $292,700 (363%) lower than Mackinac Island. The rent there is a little more expensive. The median rent in Cheboygan is $719 a month, which is $124 (17%) higher than Mackinac Island.
Pellston
Pellston is roughly 20 miles south from Mackinac Island. Its housing prices are significantly less expensive. The median home in Pellston is valued at $86,000, which comes out to $287,300 (334%) lower than Mackinac Island. Rents there are a bit more expensive. In Pellston the median rent is $850 a month, which is $255 (30%) higher than Mackinac Island.
