How much do homeowners pay a month in Eden Township (Lake County), MI?
Homeowners with a mortgage in Eden Township (Lake County), MI pay a median of $1,313 (±$206) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $498 (±$63).
36.2% of owned homes carry a mortgage.
In Eden Township (Lake County), the median monthly cost with a mortgage went from $836 in 2015–2019 to $1,313 in 2020–2024 (+57.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- With a mortgage
- $1,313 (±$206)
- Without a mortgage
- $498 (±$63)
- Owned with a mortgage
- 36.2%
Monthly owner costs in Eden Township (Lake County)
| Eden Township (Lake County) | Lake County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,313 (±$206) | $1,172 (±$44) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $498 (±$63) | $459 (±$25) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 36.2% (±10.6 points) | 42.4% (±3.2 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,436 (±$179) | $1,456 (±$63) | $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 Eden Township (Lake County), the median cost with a mortgage is not measurably different from Lake County ($1,172).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Lake County, Eden Township (Lake County) ranks 5 of 15 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 917 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Eden Township (Lake County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $836 (±$128) | $1,313 (±$206) | +57.1% | Up after inflation |
| Median real estate taxes | $1,141 (±$183) | $1,436 (±$179) | +25.9% | No measurable change after inflation |
| Median home value | $74,600 (±$24,690) | $162,500 (±$38,939) | +117.8% | 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 Eden Township (Lake County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Eden Township (Lake County) | — | $1,313 (±$206) | — |
| Newkirk Township | 5.8 mi | $988 (±$136) | Lower |
| Elk Township (Lake County) | 6.0 mi | $1,333 (±$225) | Not measurably different |
| Peacock Township | 6.9 mi | $989 (±$208) | Lower |
| Norman Township | 7.2 mi | $1,323 (±$47) | Not measurably different |
| South Branch Township (Wexford County) | 7.5 mi | $1,163 (±$95) | Not measurably different |
| Sauble Township | 8.8 mi | $1,134 (±$242) | Not measurably different |
| Luther | 10 mi | $858 (±$80) | Lower |
| Dover Township (Lake County) | 11 mi | $1,153 (±$236) | Not measurably different |
Nearby places with a measurably lower figure: Newkirk Township, MI ($988), Peacock Township, MI ($989), Luther, MI ($858).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lake County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Chase Township | $1,544 (±$171) |
| 2 | Ellsworth Township | $1,417 (±$424) |
| 3 | Elk Township (Lake County) | $1,333 (±$225) |
| 4 | Pinora Township | $1,325 (±$139) |
| 5 | Eden Township (Lake County) | $1,313 (±$206) |
| 6 | Lake Township (Lake County) | $1,185 (±$57) |
| 7 | Dover Township (Lake County) | $1,153 (±$236) |
| 8 | Yates Township | $1,141 (±$149) |
| 9 | Sauble Township | $1,134 (±$242) |
| 10 | Webber Township | $1,093 (±$123) |
| 11 | Pleasant Plains Township | $1,085 (±$98) |
Showing 11 of 15 places in Lake 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 Eden Township (Lake County)
What is the average mortgage payment in Eden Township (Lake County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Eden Township (Lake County), MI is $1,313 (±$206) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Eden Township (Lake County)?
Owners without a mortgage in Eden Township (Lake County) pay a median of $498 (±$63) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Eden Township (Lake County) gone up?
In Eden Township (Lake County), the median monthly cost with a mortgage went from $836 in 2015–2019 to $1,313 in 2020–2024 (+57.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Eden township, Lake County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Eden township, Lake County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Eden township, Lake County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Eden township, Lake County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Eden township, Lake 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 Eden township, Lake County, Michigan (county subdivision:24800, in state:26 county:085).
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 Eden Township (Lake County) at a glance
- Home values in Eden Township (Lake County)
- Property taxes in Eden Township (Lake County)
- Types of homes in Eden Township (Lake County)
- Bedrooms in Eden Township (Lake County)
- Age of homes in Eden Township (Lake County)
- Michigan landlord and tenant rules
- Housing across Lake County
- Housing data for every place in Michigan