How much do homeowners pay a month in Ferris Township, MI?
Homeowners with a mortgage in Ferris Township, MI pay a median of $1,403 (±$204) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $581 (±$74).
39.0% of owned homes carry a mortgage.
In Ferris Township, the median monthly cost with a mortgage went from $902 in 2015–2019 to $1,403 in 2020–2024 (+55.5%).
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
- $1,403 (±$204)
- Without a mortgage
- $581 (±$74)
- Owned with a mortgage
- 39.0%
Monthly owner costs in Ferris Township
| Ferris Township | Montcalm County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,403 (±$204) | $1,352 (±$38) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $581 (±$74) | $485 (±$12) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 39.0% (±9.8 points) | 57.0% (±1.9 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,975 (±$404) | $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 Ferris 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, Ferris Township ranks 10 of 23 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 724 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Ferris Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $902 (±$126) | $1,403 (±$204) | +55.5% | Up after inflation |
| Median real estate taxes | $1,351 (±$195) | $1,975 (±$404) | +46.2% | No measurable change after inflation |
| Median home value | $103,200 (±$10,883) | $174,800 (±$39,259) | +69.4% | 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 Ferris Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Ferris Township | — | $1,403 (±$204) | — |
| Crystal | 5.4 mi | $1,516 (±$166) | Not measurably different |
| Sumner Township | 5.5 mi | $1,127 (±$61) | Lower |
| Crystal Township (Montcalm County) | 5.5 mi | $1,544 (±$223) | Not measurably different |
| Richland Township (Montcalm County) | 5.7 mi | $1,317 (±$130) | Not measurably different |
| Day Township | 6.0 mi | $1,134 (±$70) | Lower |
| McBride | 7.6 mi | $914 (±$280) | Lower |
| New Haven Township (Gratiot County) | 8.3 mi | $1,309 (±$278) | Not measurably different |
| Seville Township | 8.4 mi | $1,253 (±$113) | Not measurably different |
Nearby places with a measurably lower figure: Sumner Township, MI ($1,127), Day Township, MI ($1,134), McBride, MI ($914).
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 |
|---|---|---|
| 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) |
| 14 | Sidney Township | $1,316 (±$156) |
| 15 | Reynolds Township | $1,293 (±$187) |
| 16 | Evergreen Township (Montcalm County) | $1,291 (±$116) |
Showing 13 of 23 places in Montcalm 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 Ferris Township
What is the average mortgage payment in Ferris Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Ferris Township, MI is $1,403 (±$204) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Ferris Township?
Owners without a mortgage in Ferris Township pay a median of $581 (±$74) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Ferris Township gone up?
In Ferris Township, the median monthly cost with a mortgage went from $902 in 2015–2019 to $1,403 in 2020–2024 (+55.5%).
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 — Ferris township, Montcalm County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Ferris township, Montcalm County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Ferris township, Montcalm County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Ferris township, Montcalm County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ferris 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 Ferris township, Montcalm County, Michigan (county subdivision:27900, 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 Ferris Township at a glance
- Renters and owners in Ferris Township
- Income and affordability in Ferris Township
- Home values in Ferris Township
- Property taxes in Ferris Township
- Types of homes in Ferris Township
- Bedrooms in Ferris Township
- Age of homes in Ferris Township
- Heating fuel in Ferris Township
- Commute and cars in Ferris Township
- Population growth in Ferris Township
- How long people stay in Ferris Township
- Michigan landlord and tenant rules
- Housing across Montcalm County
- Housing data for every place in Michigan