Niles
Michigan · Ranked #139 of 373 metros
82Affordable
💡
Housing in Niles costs 3.81× the median income, below the national average of 4.5×. The median home price is $238K and median rent is $936/month. Niles ranks #139 of 373 metros for affordability.
Median Home Price
🏠$238K
Need $70K income
Median Rent
🔑$936
Need $37K income
Building Permits
🔨354
annual
Median Income
💰$62K
Pop: 164,776
Rent Burden
⚠️24.3%
of renters paying >30%
Homeownership
🏡74.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Niles | National |
|---|---|---|
| Price-to-Income Ratio | 3.81x | 6.1x |
| Rent Burden | 24.3% | 31.5% |
| Homeownership Rate | 74.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +69.9%Since 2000: +158.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$816/mo
1 Bedroom$902/mo
2 Bedroom$1,184/mo
3 Bedroom$1,556/mo
4 Bedroom$1,568/mo
Zillow Market Data
Home Value (ZHVI)
$264K
1yr: +4.0%5yr: +35.2%
Rent (ZORI)
$1,257/mo
1yr: +3.9%5yr: +40.8%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$263K
Active Inventory
329
Days on Market
81
Sold Above List
17.6%
Price Drops
21.0%