How much do homeowners pay a month in Boon Township, MI?
Homeowners with a mortgage in Boon Township, MI pay a median of $1,313 (±$193) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $480 (±$260).
44.8% of owned homes carry a mortgage.
In Boon Township, the median monthly cost with a mortgage went from $1,066 in 2015–2019 to $1,313 in 2020–2024 (+23.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,313 (±$193)
- Without a mortgage
- $480 (±$260)
- Owned with a mortgage
- 44.8%
Monthly owner costs in Boon Township
| Boon Township | Wexford County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,313 (±$193) | $1,290 (±$44) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $480 (±$260) | $510 (±$22) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 44.8% (±11.2 points) | 55.9% (±2.4 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,369 (±$320) | $1,927 (±$78) | $2,904 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Boon Township, the median cost with a mortgage is not measurably different from Wexford County ($1,290).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Wexford County, Boon Township ranks 8 of 18 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 920 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Boon Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,066 (±$84) | $1,313 (±$193) | +23.2% | No measurable change after inflation |
| Median real estate taxes | $1,281 (±$151) | $1,369 (±$320) | +6.9% | No measurable change after inflation |
| Median home value | $105,000 (±$17,991) | $170,500 (±$46,055) | +62.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Boon Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Boon Township | — | $1,313 (±$193) | — |
| Henderson Township | 5.7 mi | $1,792 (±$259) | Higher |
| Slagle Township | 6.0 mi | $1,188 (±$363) | Not measurably different |
| Antioch Township | 6.2 mi | $1,305 (±$159) | Not measurably different |
| Selma Township | 6.4 mi | $1,554 (±$199) | Not measurably different |
| Cherry Grove Township | 7.9 mi | $1,462 (±$141) | Not measurably different |
| Springville Township | 8.4 mi | $1,207 (±$78) | Not measurably different |
| Mesick | 8.5 mi | $1,198 (±$181) | Not measurably different |
| South Branch Township (Wexford County) | 8.6 mi | $1,163 (±$95) | Not measurably different |
Nearby places with a measurably higher figure: Henderson Township, MI ($1,792).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Wexford County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 2 | Selma Township | $1,554 (±$199) |
| 3 | Greenwood Township (Wexford County) | $1,494 (±$200) |
| 4 (tie) | Cherry Grove Township | $1,462 (±$141) |
| 4 (tie) | Hanover Township (Wexford County) | $1,462 (±$58) |
| 6 | Haring Charter Township | $1,424 (±$180) |
| 7 | Clam Lake Township | $1,351 (±$144) |
| 8 | Boon Township | $1,313 (±$193) |
| 9 | Wexford Township | $1,306 (±$101) |
| 10 | Antioch Township | $1,305 (±$159) |
| 11 | Cedar Creek Township (Wexford County) | $1,282 (±$118) |
| 12 | Colfax Township (Wexford County) | $1,231 (±$208) |
| 13 | Springville Township | $1,207 (±$78) |
| 14 | Liberty Township (Wexford County) | $1,189 (±$116) |
Showing 13 of 18 places in Wexford County, ranked from highest to lowest.
The figures for Boon Township include the places inside it that have pages of their own: Harrietta.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Boon Township
What is the average mortgage payment in Boon Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Boon Township, MI is $1,313 (±$193) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Boon Township?
Owners without a mortgage in Boon Township pay a median of $480 (±$260) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Boon Township gone up?
In Boon Township, the median monthly cost with a mortgage went from $1,066 in 2015–2019 to $1,313 in 2020–2024 (+23.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Boon township, Wexford County, Michigan (county subdivision:09580, in state:26 county:165).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Boon Township at a glance
- Renters and owners in Boon Township
- Income and affordability in Boon Township
- Home values in Boon Township
- Property taxes in Boon Township
- Types of homes in Boon Township
- Bedrooms in Boon Township
- Age of homes in Boon Township
- Heating fuel in Boon Township
- Commute and cars in Boon Township
- Michigan landlord and tenant rules
- Housing across Wexford County
- Housing data for every place in Michigan