Housing in Advance, MI

Home values, rent, ownership rates, and housing market data

Advance vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Advance is highlighted.

Median Home Value

91st%ilemost expensive$549,600show rank

Median Rent

70th%ilemost expensive rent$1,188show rank

Rent Burden

26th%ilehighest rent burden15.3%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$549,600

Median Rent

$1,188

Total Housing Units

301

Vacancy Rate

35.2%

Owner Occupied

92.8%

Renter Occupied

7.2%

Median Property Tax

$3,620

per year

Monthly Cost (w/ Mortgage)

$1,192

Housing Types

Single Family

90.4%

Multi-Family

8.3%

Mobile Home

1.3%

The median home value in Advance, MI is $549,600. The median rent is $1,188 per month (Census ACS). About 92.8% of housing units are owner-occupied. The median year homes were built is 1993. There are 301 total housing units.