How much do homeowners pay a month in Krakow Township, MI?
Homeowners with a mortgage in Krakow Township, MI pay a median of $1,328 (±$146) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $522 (±$64).
63.5% of owned homes carry a mortgage.
In Krakow Township, the median monthly cost with a mortgage went from $1,159 in 2015–2019 to $1,328 in 2020–2024 (+14.6%).
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
- $1,328 (±$146)
- Without a mortgage
- $522 (±$64)
- Owned with a mortgage
- 63.5%
Monthly owner costs in Krakow Township
| Krakow Township | Presque Isle County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,328 (±$146) | $1,119 (±$44) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $522 (±$64) | $445 (±$14) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 63.5% (±7.8 points) | 46.0% (±2.8 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,990 (±$227) | $1,432 (±$44) | $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 Krakow Township, the median cost with a mortgage is higher than in Presque Isle County ($1,119).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Presque Isle County, Krakow Township ranks 4 of 16 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 886 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Krakow Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,159 (±$95) | $1,328 (±$146) | +14.6% | No measurable change after inflation |
| Median real estate taxes | $1,642 (±$209) | $1,990 (±$227) | +21.2% | No measurable change after inflation |
| Median home value | $177,600 (±$16,721) | $237,200 (±$18,798) | +33.6% | 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 Krakow Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Krakow Township | — | $1,328 (±$146) | — |
| Posen | 5.4 mi | $840 (±$122) | Lower |
| Posen Township | 5.4 mi | $893 (±$277) | Lower |
| Pulawski Township | 6.9 mi | $964 (±$108) | Lower |
| Presque Isle Township | 8.5 mi | $1,483 (±$119) | Not measurably different |
| Long Rapids Township | 10 mi | $1,095 (±$184) | Not measurably different |
| Maple Ridge Township (Alpena County) | 11 mi | $1,158 (±$90) | Not measurably different |
| Metz Township | 12 mi | $1,075 (±$331) | Not measurably different |
| Belknap Township | 12 mi | $975 (±$51) | Lower |
Nearby places with a measurably lower figure: Posen, MI ($840), Posen Township, MI ($893), Pulawski Township, MI ($964).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Presque Isle County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Moltke Township | $1,545 (±$173) |
| 2 | Presque Isle Township | $1,483 (±$119) |
| 3 | Bearinger Township | $1,406 (±$319) |
| 4 | Krakow Township | $1,328 (±$146) |
| 5 | Rogers Township | $1,316 (±$50) |
| 6 | Ocqueoc Township | $1,238 (±$174) |
| 7 | Allis Township | $1,125 (±$112) |
| 8 | Bismarck Township | $1,121 (±$98) |
| 9 | Case Township | $1,107 (±$92) |
| 10 | Metz Township | $1,075 (±$331) |
Showing 10 of 16 places in Presque Isle 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 Krakow Township
What is the average mortgage payment in Krakow Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Krakow Township, MI is $1,328 (±$146) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Krakow Township?
Owners without a mortgage in Krakow Township pay a median of $522 (±$64) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Krakow Township gone up?
In Krakow Township, the median monthly cost with a mortgage went from $1,159 in 2015–2019 to $1,328 in 2020–2024 (+14.6%).
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 — Krakow township, Presque Isle County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Krakow township, Presque Isle County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Krakow township, Presque Isle County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Krakow township, Presque Isle County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Krakow township, Presque Isle 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 Krakow township, Presque Isle County, Michigan (county subdivision:43900, in state:26 county:141).
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
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- Income and affordability in Krakow Township
- Home values in Krakow Township
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- Types of homes in Krakow Township
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- How long people stay in Krakow Township
- Michigan landlord and tenant rules
- Housing across Presque Isle County
- Housing data for every place in Michigan