How much do homeowners pay a month in Cato Township, MI?
Homeowners with a mortgage in Cato Township, MI pay a median of $1,438 (±$334) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $485 (±$31).
61.7% of owned homes carry a mortgage.
In Cato Township, the median monthly cost with a mortgage went from $971 in 2015–2019 to $1,438 in 2020–2024 (+48.1%).
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
- $1,438 (±$334)
- Without a mortgage
- $485 (±$31)
- Owned with a mortgage
- 61.7%
Monthly owner costs in Cato Township
| Cato Township | Montcalm County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,438 (±$334) | $1,352 (±$38) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $485 (±$31) | $485 (±$12) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 61.7% (±8.8 points) | 57.0% (±1.9 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,253 (±$320) | $1,876 (±$61) | $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 Cato Township, the median cost with a mortgage is not measurably different from Montcalm County ($1,352).
It is not measurably different from Michigan ($1,569).
It is lower than the national figure ($1,963).
In Montcalm County, Cato Township ranks 7 of 23 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 633 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Cato Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $971 (±$74) | $1,438 (±$334) | +48.1% | No measurable change after inflation |
| Median real estate taxes | $1,517 (±$153) | $2,253 (±$320) | +48.5% | Up after inflation |
| Median home value | $93,100 (±$8,682) | $174,200 (±$12,371) | +87.1% | Up 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 Cato Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Cato Township | — | $1,438 (±$334) | — |
| Pine Township | 5.0 mi | $1,472 (±$471) | Not measurably different |
| Winfield Township | 5.1 mi | $1,415 (±$140) | Not measurably different |
| Hinton Township | 5.8 mi | $1,130 (±$179) | Not measurably different |
| Belvidere Township | 6.5 mi | $1,272 (±$116) | Not measurably different |
| Maple Valley Township (Montcalm County) | 7.9 mi | $1,288 (±$153) | Not measurably different |
| Douglass Township | 8.1 mi | $1,358 (±$71) | Not measurably different |
| Deerfield Township (Mecosta County) | 8.5 mi | $1,235 (±$102) | Not measurably different |
| Millbrook Township | 8.9 mi | $1,406 (±$121) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Montcalm County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Eureka Township | $1,659 (±$176) |
| 2 | Crystal Township (Montcalm County) | $1,544 (±$223) |
| 3 | Bloomer Township | $1,537 (±$213) |
| 4 | Pierson Township | $1,535 (±$176) |
| 5 | Pine Township | $1,472 (±$471) |
| 6 | Montcalm Township | $1,458 (±$103) |
| 7 | Cato Township | $1,438 (±$334) |
| 8 | Winfield Township | $1,415 (±$140) |
| 9 | Bushnell Township | $1,406 (±$104) |
| 10 | Ferris Township | $1,403 (±$204) |
| 11 | Fairplain Township | $1,371 (±$122) |
| 12 | Douglass Township | $1,358 (±$71) |
| 13 | Richland Township (Montcalm County) | $1,317 (±$130) |
Showing 13 of 23 places in Montcalm County, ranked from highest to lowest.
The figures for Cato Township include the places inside it that have pages of their own: Lakeview.
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 Cato Township
What is the average mortgage payment in Cato Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Cato Township, MI is $1,438 (±$334) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Cato Township?
Owners without a mortgage in Cato Township pay a median of $485 (±$31) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Cato Township gone up?
In Cato Township, the median monthly cost with a mortgage went from $971 in 2015–2019 to $1,438 in 2020–2024 (+48.1%).
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 — Cato township, Montcalm County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cato township, Montcalm 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 Cato township, Montcalm County, Michigan (county subdivision:14000, in state:26 county:117).
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 Cato Township at a glance
- Median rent in Cato Township
- Renters and owners in Cato Township
- Income and affordability in Cato Township
- Home values in Cato Township
- Property taxes in Cato Township
- Types of homes in Cato Township
- Bedrooms in Cato Township
- Age of homes in Cato Township
- Heating fuel in Cato Township
- Commute and cars in Cato Township
- Population growth in Cato Township
- How long people stay in Cato Township
- Michigan landlord and tenant rules
- Housing across Montcalm County
- Housing data for every place in Michigan