Similar to other places in this area, it is a lot less expensive compared to the entire nation. Compared to the city of Grand Rapids however, it is somewhat less expensive.
Home prices
The median home in Saranac costs $109,200. In comparison to other places in this area this is approximately $1,940 (1%) lower.Compared to the entire country it is approximately $108,300 (49%) lower, and it is roughly $34,200 (23%) lower in comparison to the city of Grand Rapids.
Rents
The median rent in Saranac is $460 a month. It is about $212 (31%) lower compared to its surrounding areas.It is roughly $602 (56%) lower in comparison to the country as a whole, and in comparison to the city of Grand Rapids it is roughly $465 (50%) lower.
Nearby places
Lowell
Lowell is about 5 miles west of Saranac. The housing prices there are a little more expensive. The median home value in Lowell is $148,300, which is $39,100 (26%) higher than Saranac. Rent there is significantly more expensive. The median monthly rent in Lowell is $829, which comes out to $369 (44%) higher than Saranac.
Clarksville
Clarksville is roughly 5 miles south of Saranac. The real estate prices there are a little more expensive. The median home in Clarksville is valued at $117,400, which works out to $8,200 (6%) higher than Saranac. Rent there is somewhat less expensive. In Clarksville the median monthly rent is $358, which comes out to $102 (28%) lower than Saranac.
Ionia
Ionia is roughly 6 miles northeast from Saranac. The housing prices there are somewhat less expensive. Ionia's median home price is $97,600, which comes out to $11,600 (11%) lower than Saranac. The rent there is significantly more expensive. In Ionia the median monthly rent is $813, which is $353 (43%) higher than Saranac.
Lake Odessa
Lake Odessa is roughly 10 miles south from Saranac. The real estate prices there are a bit less expensive. The median home in Lake Odessa costs $99,100, which is $10,100 (10%) lower than Saranac. Its rents are a bit more expensive. Lake Odessa's median rent is $670 per month, which is $210 (31%) higher than Saranac.
Belding
Belding is about 10 miles north from Saranac. Real estate prices there are a little less expensive. The median home in Belding costs $93,300, which is $15,900 (17%) lower than Saranac. Its rents are substantially more expensive. In Belding the median monthly rent is $692, which is $232 (33%) higher than Saranac.
