How much do homeowners pay a month in Chums Corner, MI?
Homeowners with a mortgage in Chums Corner, MI pay a median of $1,512 (±$312) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $448 (±$45).
74.7% of owned homes carry a mortgage.
In Chums Corner, the median monthly cost with a mortgage went from $1,421 in 2015–2019 to $1,512 in 2020–2024 (+6.4%).
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
- $1,512 (±$312)
- Without a mortgage
- $448 (±$45)
- Owned with a mortgage
- 74.7%
Monthly owner costs in Chums Corner
| Chums Corner | Grand Traverse County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,512 (±$312) | $1,566 (±$49) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $448 (±$45) | $579 (±$19) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 74.7% (±15.7 points) | 61.7% (±2.0 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,615 (±$666) | $3,010 (±$112) | $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 Chums Corner, the median cost with a mortgage is not measurably different from Grand Traverse County ($1,566).
It is not measurably different from Michigan ($1,569).
It is lower than the national figure ($1,963).
Statewide, it ranks 29 of 80.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Chums Corner have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,421 (±$480) | $1,512 (±$312) | +6.4% | No measurable change after inflation |
| Median real estate taxes | $2,882 (±$430) | $2,615 (±$666) | −9.3% | Down after inflation |
| Median home value | $233,400 (±$26,273) | $372,700 (±$60,167) | +59.7% | 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 Chums Corner
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Chums Corner | — | $1,512 (±$312) | — |
| Garfield Charter Township | 3.6 mi | $1,619 (±$148) | Not measurably different |
| Long Lake Township | 5.2 mi | $1,790 (±$93) | Not measurably different |
| Green Lake Township | 5.2 mi | $1,307 (±$132) | Not measurably different |
| Traverse City | 6.0 mi | $1,817 (±$95) | Not measurably different |
| East Bay Township | 7.3 mi | $1,317 (±$120) | Not measurably different |
| Mayfield Township (Grand Traverse County) | 8.0 mi | $1,344 (±$78) | Not measurably different |
| Greilickville | 8.6 mi | $1,975 (±$268) | Higher |
| Kingsley | 9.0 mi | $1,475 (±$192) | Not measurably different |
Nearby places with a measurably higher figure: Greilickville, MI ($1,975).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Chums Corner is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Blair Township, whose figures include it.
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 Chums Corner
What is the average mortgage payment in Chums Corner?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Chums Corner, MI is $1,512 (±$312) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Chums Corner?
Owners without a mortgage in Chums Corner pay a median of $448 (±$45) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Chums Corner gone up?
In Chums Corner, the median monthly cost with a mortgage went from $1,421 in 2015–2019 to $1,512 in 2020–2024 (+6.4%).
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 — Chums Corner CDP, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Chums Corner CDP, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Chums Corner CDP, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Chums Corner CDP, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Chums Corner CDP, 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 Chums Corner CDP, Michigan (place:15715, in state:26).
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 Chums Corner at a glance
- Home values in Chums Corner
- Property taxes in Chums Corner
- Types of homes in Chums Corner
- Heating fuel in Chums Corner
- Commute and cars in Chums Corner
- Population growth in Chums Corner
- Michigan landlord and tenant rules
- Housing across Grand Traverse County
- Housing data for every place in Michigan