Much like its surrounding areas, it is substantially less expensive compared to the rest of the nation. Compared to the city of Madison, it's a lot less expensive.
Home prices
The median home in Gratiot is valued at $82,600. It is approximately $3,220 (3%) lower compared to nearby areas.Compared to the rest of the country it is about $134,900 (62%) lower, and in comparison to the city of Madison is approximately $163,700 (66%) lower.
Rents
In Gratiot the median rent is $380 a month. This is approximately $311 (44%) lower in comparison to nearby areas.Compared to the entire nation it is roughly $682 (64%) lower, and is roughly $738 (66%) lower compared to the city of Madison.
Nearby places
Warren
Warren is about 5 miles south from Gratiot. Its real estate prices are similar. The median home in Warren costs $83,500, which works out to $900 (1%) higher than Gratiot. Rent there is a lot more expensive. Warren's median rent is $579 a month, which comes out to $199 (34%) higher than Gratiot.
Apple River
Apple River is approximately 5 miles southwest from Gratiot. The housing prices there are a little less expensive. The median home value in Apple River is $69,100, which is $13,500 (19%) lower than Gratiot. Rent there is substantially more expensive. The median rent in Apple River is $617 per month, which comes out to $237 (38%) higher than Gratiot.
South Wayne
South Wayne is roughly 6 miles east of Gratiot. Its real estate prices are similar. The median home in South Wayne costs $86,800, which is $4,200 (4%) higher than Gratiot. Rents there are significantly more expensive. The median rent in South Wayne is $655 a month, which works out to $275 (41%) higher than Gratiot.
Darlington
Darlington is roughly 7 miles northwest of Gratiot. The real estate prices there are somewhat more expensive. The median home price in Darlington is $99,700, which is $17,100 (17%) higher than Gratiot. Its rents are substantially more expensive. Darlington's median monthly rent is $759, which is $379 (49%) higher than Gratiot.
Nora
Nora is approximately 8 miles southeast from Gratiot. Its real estate prices are somewhat more expensive. The cost of the median home in Nora is $90,000, which works out to $7,400 (8%) higher than Gratiot. Its rents are a lot more expensive. Nora's median monthly rent is $843, which is $463 (54%) higher than Gratiot.
