Housing costs in Bannister?
A typical home costs
$129,000, which is 61.8% less expensive than the national average of
$338,100 and 41.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Bannister costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 29.4% cheaper than the state average of
$1,100.
Can I afford Bannister?
To live comfortably in Bannister (zip 48807), Michigan, a minimum annual income of
$24,840 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Bannister?
Living in 48807 Bannister, MI can be quite affordable. The average price for a home in this zip code is $124,500, which is significantly lower than the national average of $216,200. Additionally, the cost of living index for 48807 Bannister is approximately 87.9 points lower than the US average of 100. This means that goods and services are more affordable in Bannister than they are nationwide. Renting an apartment or house in this zip code can also be significantly cheaper than other parts of Michigan, with median rent prices hovering around $1,100 per month. While there are no major shopping malls nearby, local stores offer various products at competitive prices. All in all, residents of Bannister can enjoy a comfortable lifestyle at a much lower cost than other parts of the state.