How much do homeowners pay a month in Fraser Township, MI?
Homeowners with a mortgage in Fraser Township, MI pay a median of $1,284 (±$92) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $546 (±$78).
62.4% of owned homes carry a mortgage.
In Fraser Township, the median monthly cost with a mortgage went from $893 in 2015–2019 to $1,284 in 2020–2024 (+43.8%).
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
- $1,284 (±$92)
- Without a mortgage
- $546 (±$78)
- Owned with a mortgage
- 62.4%
Monthly owner costs in Fraser Township
| Fraser Township | Bay County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,284 (±$92) | $1,249 (±$30) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $546 (±$78) | $557 (±$12) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 62.4% (±8.7 points) | 51.7% (±1.8 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,245 (±$184) | $2,271 (±$57) | $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 Fraser Township, the median cost with a mortgage is not measurably different from Bay County ($1,249).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Bay County, Fraser Township ranks 14 of 18 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 978 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Fraser Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $893 (±$121) | $1,284 (±$92) | +43.8% | Up after inflation |
| Median real estate taxes | $1,751 (±$137) | $2,245 (±$184) | +28.2% | No measurable change after inflation |
| Median home value | $109,800 (±$10,187) | $163,100 (±$7,786) | +48.5% | 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 Fraser Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Fraser Township | — | $1,284 (±$92) | — |
| Pinconning | 4.8 mi | $1,060 (±$67) | Lower |
| Pinconning Township | 5.8 mi | $1,348 (±$224) | Not measurably different |
| Garfield Township (Bay County) | 5.9 mi | $1,352 (±$87) | Not measurably different |
| Kawkawlin Township | 6.2 mi | $1,406 (±$115) | Not measurably different |
| Mount Forest Township | 8.5 mi | $1,270 (±$168) | Not measurably different |
| Beaver Township (Bay County) | 9.2 mi | $1,405 (±$155) | Not measurably different |
| Bangor Charter Township | 10 mi | $1,305 (±$75) | Not measurably different |
| Standish Township | 12 mi | $1,053 (±$172) | Lower |
Nearby places with a measurably lower figure: Pinconning, MI ($1,060), Standish Township, MI ($1,053).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Bay County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 8 | Pinconning Township | $1,348 (±$224) |
| 9 | Portsmouth Charter Township | $1,347 (±$228) |
| 10 | Essexville | $1,335 (±$112) |
| 11 | Merritt Township | $1,332 (±$78) |
| 12 | Bangor Charter Township | $1,305 (±$75) |
| 13 | Williams Charter Township | $1,299 (±$216) |
| 14 | Fraser Township | $1,284 (±$92) |
| 15 | Mount Forest Township | $1,270 (±$168) |
| 16 | Auburn | $1,216 (±$139) |
| 17 | Bay City | $1,069 (±$39) |
| 18 | Pinconning | $1,060 (±$67) |
Showing 11 of 18 places in Bay 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 Fraser Township
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Questions about Fraser Township
What is the average mortgage payment in Fraser Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Fraser Township, MI is $1,284 (±$92) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Fraser Township?
Owners without a mortgage in Fraser Township pay a median of $546 (±$78) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Fraser Township gone up?
In Fraser Township, the median monthly cost with a mortgage went from $893 in 2015–2019 to $1,284 in 2020–2024 (+43.8%).
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 — Fraser township, Bay County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Fraser township, Bay County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Fraser township, Bay County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Fraser township, Bay County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Fraser township, Bay 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 Fraser township, Bay County, Michigan (county subdivision:30400, in state:26 county:017).
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 Fraser Township at a glance
- Income and affordability in Fraser Township
- Home values in Fraser Township
- Property taxes in Fraser Township
- Types of homes in Fraser Township
- Bedrooms in Fraser Township
- Age of homes in Fraser Township
- Heating fuel in Fraser Township
- Commute and cars in Fraser Township
- Population growth in Fraser Township
- How long people stay in Fraser Township
- Michigan landlord and tenant rules
- Housing across Bay County
- Housing data for every place in Michigan