How much do homeowners pay a month in Eaton Rapids, MI?
Homeowners with a mortgage in Eaton Rapids, MI pay a median of $1,218 (±$65) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $539 (±$67).
67.0% of owned homes carry a mortgage.
In Eaton Rapids, the median monthly cost with a mortgage went from $1,147 in 2015–2019 to $1,218 in 2020–2024 (+6.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,218 (±$65)
- Without a mortgage
- $539 (±$67)
- Owned with a mortgage
- 67.0%
Monthly owner costs in Eaton Rapids
| Eaton Rapids | Eaton County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,218 (±$65) | $1,514 (±$36) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $539 (±$67) | $641 (±$18) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 67.0% (±7.9 points) | 62.9% (±1.7 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,199 (±$235) | $3,067 (±$69) | $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 Eaton Rapids, the median cost with a mortgage is lower than in Eaton County ($1,514).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Eaton County, Eaton Rapids ranks 20 of 21 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1098 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Eaton Rapids have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,147 (±$111) | $1,218 (±$65) | +6.2% | Down after inflation |
| Median real estate taxes | $2,306 (±$220) | $2,199 (±$235) | −4.6% | Down after inflation |
| Median home value | $119,900 (±$9,856) | $155,800 (±$15,687) | +29.9% | 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 Eaton Rapids
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Eaton Rapids | — | $1,218 (±$65) | — |
| Eaton Rapids Township | 3.4 mi | $1,574 (±$71) | Higher |
| Hamlin Township (Eaton County) | 3.6 mi | $1,627 (±$167) | Higher |
| Onondaga Township | 5.8 mi | $1,588 (±$101) | Higher |
| Aurelius Township | 6.2 mi | $1,600 (±$85) | Higher |
| Eaton Township | 6.5 mi | $1,567 (±$330) | Higher |
| Brookfield Township (Eaton County) | 7.4 mi | $1,456 (±$257) | Not measurably different |
| Springport Township | 8.5 mi | $1,316 (±$108) | Not measurably different |
| Windsor Charter Township | 8.7 mi | $1,846 (±$106) | Higher |
Nearby places with a measurably higher figure: Eaton Rapids Township, MI ($1,574), Hamlin Township (Eaton County), MI ($1,627), Onondaga Township, MI ($1,588).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Eaton County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 14 | Carmel Township | $1,377 (±$126) |
| 15 | Sunfield Township | $1,337 (±$67) |
| 16 | Vermontville Township | $1,323 (±$69) |
| 17 | Bellevue Township | $1,310 (±$69) |
| 18 | Potterville | $1,271 (±$140) |
| 19 | Charlotte | $1,228 (±$83) |
| 20 | Eaton Rapids | $1,218 (±$65) |
| 21 | Olivet | $1,162 (±$81) |
Showing 8 of 21 places in Eaton 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.
What you can do on Seayora in Eaton Rapids
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Eaton Rapids beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Eaton Rapids, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Eaton Rapids, and send estimates and invoices from your phone.
Questions about Eaton Rapids
What is the average mortgage payment in Eaton Rapids?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Eaton Rapids, MI is $1,218 (±$65) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Eaton Rapids?
Owners without a mortgage in Eaton Rapids pay a median of $539 (±$67) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Eaton Rapids gone up?
In Eaton Rapids, the median monthly cost with a mortgage went from $1,147 in 2015–2019 to $1,218 in 2020–2024 (+6.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Eaton Rapids city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Eaton Rapids city, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Eaton Rapids city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Eaton Rapids city, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Eaton Rapids city, 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 Eaton Rapids city, Michigan (place:24540, 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 Eaton Rapids at a glance
- Median rent in Eaton Rapids
- Rent by bedrooms in Eaton Rapids
- Rent burden in Eaton Rapids
- Renters and owners in Eaton Rapids
- Income and affordability in Eaton Rapids
- Home values in Eaton Rapids
- Property taxes in Eaton Rapids
- Types of homes in Eaton Rapids
- Bedrooms in Eaton Rapids
- Age of homes in Eaton Rapids
- Heating fuel in Eaton Rapids
- Commute and cars in Eaton Rapids
- Crime reported to police in Eaton Rapids
- Population growth in Eaton Rapids
- How long people stay in Eaton Rapids
- Michigan landlord and tenant rules
- Housing across Eaton County
- Housing data for every place in Michigan