Similar to its surrounding areas, it is significantly less expensive compared to the entire nation. Compared to the city of Traverse City, it is significantly less expensive.
Home prices
The price of the median home in Gaylord is $95,000. Compared to its surrounding areas it is is very similar.It is roughly $122,500 (56%) lower in comparison to the rest of the nation, and compared to the city of Traverse City it is approximately $171,100 (64%) lower.
Rents
In Gaylord the median monthly rent is $690. It is approximately $29 (4%) lower in comparison to nearby areas.It is roughly $372 (35%) lower compared to the rest of the country, and it is roughly $215 (23%) lower in comparison to the city of Traverse City.
Nearby places
Vanderbilt
Vanderbilt is approximately 7 miles north from Gaylord. Housing prices there are a bit less expensive. Vanderbilt's median home value is $77,900, which is $17,100 (21%) lower than Gaylord. Rent there is a little less expensive. The median monthly rent in Vanderbilt is $650, which comes out to $40 (6%) lower than Gaylord.
Boyne Falls
Boyne Falls is roughly 13 miles northwest from Gaylord. The real estate prices there are somewhat more expensive. The median home in Boyne Falls is valued at $105,800, which comes out to $10,800 (10%) higher than Gaylord. Its rents are similar. The median rent in Boyne Falls is $725 per month, which is $35 (4%) higher than Gaylord.
Wolverine
Wolverine is about 16 miles north of Gaylord. Its housing prices are somewhat more expensive. The median home price in Wolverine is $106,300, which comes out to $11,300 (10%) higher than Gaylord. Rents there are a bit less expensive. The median rent in Wolverine is $636 a month, which is $54 (8%) lower than Gaylord.
Lewiston
Lewiston is roughly 17 miles southeast from Gaylord. Real estate prices there are a little more expensive. The cost of the median home in Lewiston is $107,600, which works out to $12,600 (11%) higher than Gaylord. Rent there is somewhat more expensive. In Lewiston the median rent is $741 per month, which works out to $51 (6%) higher than Gaylord.
Mancelona
Mancelona is roughly 17 miles southwest from Gaylord. Real estate prices there are a bit less expensive. Mancelona's median home price is $75,400, which is $19,600 (25%) lower than Gaylord. The rent there is a bit more expensive. The median rent in Mancelona is $843 a month, which comes out to $153 (18%) higher than Gaylord.
