How much do homeowners pay a month in Chester Township (Otsego County), MI?
Homeowners with a mortgage in Chester Township (Otsego County), MI pay a median of $1,225 (±$92) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $526 (±$72).
56.2% of owned homes carry a mortgage.
In Chester Township (Otsego County), the median monthly cost with a mortgage went from $1,114 in 2015–2019 to $1,225 in 2020–2024 (+10.0%).
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
- $1,225 (±$92)
- Without a mortgage
- $526 (±$72)
- Owned with a mortgage
- 56.2%
Monthly owner costs in Chester Township (Otsego County)
| Chester Township (Otsego County) | Otsego County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,225 (±$92) | $1,319 (±$54) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $526 (±$72) | $492 (±$24) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 56.2% (±9.4 points) | 62.4% (±2.8 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,398 (±$109) | $1,755 (±$100) | $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 Chester Township (Otsego County), the median cost with a mortgage is not measurably different from Otsego County ($1,319).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Otsego County, Chester Township (Otsego County) ranks 8 of 10 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1091 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Chester Township (Otsego County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,114 (±$113) | $1,225 (±$92) | +10.0% | No measurable change after inflation |
| Median real estate taxes | $1,414 (±$122) | $1,398 (±$109) | −1.1% | Down after inflation |
| Median home value | $148,300 (±$17,116) | $213,700 (±$23,411) | +44.1% | 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 Chester Township (Otsego County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Chester Township (Otsego County) | — | $1,225 (±$92) | — |
| Bagley Township | 6.1 mi | $1,308 (±$213) | Not measurably different |
| Charlton Township | 6.3 mi | $1,242 (±$153) | Not measurably different |
| Otsego Lake Township | 6.6 mi | $1,368 (±$108) | Higher |
| Gaylord | 8.8 mi | $1,218 (±$118) | Not measurably different |
| Dover Township (Otsego County) | 9.0 mi | $1,625 (±$340) | Higher |
| Maple Forest Township | 10 mi | $1,209 (±$125) | Not measurably different |
| Lovells Township | 11 mi | $1,347 (±$110) | Not measurably different |
| Livingston Township | 12 mi | $1,229 (±$213) | Not measurably different |
Nearby places with a measurably higher figure: Otsego Lake Township, MI ($1,368), Dover Township (Otsego County), MI ($1,625).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Otsego County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 2 | Elmira Township | $1,518 (±$106) |
| 3 | Hayes Township (Otsego County) | $1,372 (±$134) |
| 4 | Otsego Lake Township | $1,368 (±$108) |
| 5 | Bagley Township | $1,308 (±$213) |
| 6 | Charlton Township | $1,242 (±$153) |
| 7 | Livingston Township | $1,229 (±$213) |
| 8 | Chester Township (Otsego County) | $1,225 (±$92) |
| 9 | Gaylord | $1,218 (±$118) |
| 10 | Corwith Township | $1,162 (±$93) |
Showing 9 of 10 places in Otsego County, ranked from highest to lowest.
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 Chester Township (Otsego County)
What is the average mortgage payment in Chester Township (Otsego County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Chester Township (Otsego County), MI is $1,225 (±$92) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Chester Township (Otsego County)?
Owners without a mortgage in Chester Township (Otsego County) pay a median of $526 (±$72) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Chester Township (Otsego County) gone up?
In Chester Township (Otsego County), the median monthly cost with a mortgage went from $1,114 in 2015–2019 to $1,225 in 2020–2024 (+10.0%).
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 — Chester township, Otsego County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Chester township, Otsego County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Chester township, Otsego County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Chester township, Otsego County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Chester township, Otsego 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 Chester township, Otsego County, Michigan (county subdivision:15280, in state:26 county:137).
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 Chester Township (Otsego County) at a glance
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- Home values in Chester Township (Otsego County)
- Property taxes in Chester Township (Otsego County)
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- Bedrooms in Chester Township (Otsego County)
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- Heating fuel in Chester Township (Otsego County)
- Commute and cars in Chester Township (Otsego County)
- Population growth in Chester Township (Otsego County)
- How long people stay in Chester Township (Otsego County)
- Michigan landlord and tenant rules
- Housing across Otsego County
- Housing data for every place in Michigan