Median real estate price in the City Center of Grayling is $95,423, which is less expensive than 71.5% of Michigan neighborhoods and 83.9% of all U.S. neighborhoods.
The average rental price in Grayling City Center is currently $1,031, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.6% of the neighborhoods in Michigan.
Grayling City Center is a rural neighborhood (based on population density) located in Grayling, Michigan.
Real estate in the City Center of Grayling, MI is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Grayling City Center. The current real estate vacancy rate here is 39.3%. This is higher than the rate of vacancies in 97.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (30.9%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.