How much do homeowners pay a month in Lake Isabella, MI?
Homeowners with a mortgage in Lake Isabella, MI pay a median of $1,189 (±$56) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $491 (±$48).
58.9% of owned homes carry a mortgage.
In Lake Isabella, the median monthly cost with a mortgage went from $1,189 in 2015–2019 to $1,189 in 2020–2024 (0.0%).
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
- $1,189 (±$56)
- Without a mortgage
- $491 (±$48)
- Owned with a mortgage
- 58.9%
Monthly owner costs in Lake Isabella
| Lake Isabella | Isabella County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,189 (±$56) | $1,314 (±$33) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $491 (±$48) | $563 (±$12) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 58.9% (±6.8 points) | 55.6% (±2.1 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,971 (±$280) | $2,276 (±$97) | $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 Lake Isabella, the median cost with a mortgage is lower than in Isabella County ($1,314).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Isabella County, Lake Isabella ranks 2 of 3 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 128 of 252.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Lake Isabella have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,189 (±$81) | $1,189 (±$56) | 0.0% | Down after inflation |
| Median real estate taxes | $2,042 (±$268) | $1,971 (±$280) | −3.5% | Down after inflation |
| Median home value | $161,800 (±$20,285) | $184,000 (±$18,999) | +13.7% | 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 Lake Isabella
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Lake Isabella | — | $1,189 (±$56) | — |
| Broomfield Township | 3.3 mi | $1,381 (±$94) | Higher |
| Weidman | 4.4 mi | $1,134 (±$83) | Not measurably different |
| Nottawa Township (Isabella County) | 5.4 mi | $1,399 (±$136) | Higher |
| Deerfield Township (Isabella County) | 6.1 mi | $1,485 (±$218) | Higher |
| Sheridan Township (Mecosta County) | 6.5 mi | $1,292 (±$101) | Not measurably different |
| Wheatland Township (Mecosta County) | 7.8 mi | $1,278 (±$213) | Not measurably different |
| Coldwater Township (Isabella County) | 9.0 mi | $1,139 (±$106) | Not measurably different |
| Gilmore Township (Isabella County) | 9.9 mi | $1,405 (±$214) | Not measurably different |
Nearby places with a measurably higher figure: Broomfield Township, MI ($1,381), Nottawa Township (Isabella County), MI ($1,399), Deerfield Township (Isabella County), MI ($1,485).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Isabella County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Shepherd | $1,203 (±$91) |
| 2 | Lake Isabella | $1,189 (±$56) |
| 3 | Rosebush | $1,038 (±$192) |
Lake Isabella lies inside Sherman Township (Isabella County), whose figures include it, so it is ranked only against places like it.
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 Lake Isabella
What is the average mortgage payment in Lake Isabella?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Isabella, MI is $1,189 (±$56) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Lake Isabella?
Owners without a mortgage in Lake Isabella pay a median of $491 (±$48) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Lake Isabella gone up?
In Lake Isabella, the median monthly cost with a mortgage went from $1,189 in 2015–2019 to $1,189 in 2020–2024 (0.0%).
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 — Lake Isabella village, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake Isabella village, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lake Isabella village, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lake Isabella village, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Isabella village, 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 Lake Isabella village, Michigan (place:44715, 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 Lake Isabella at a glance
- Renters and owners in Lake Isabella
- Income and affordability in Lake Isabella
- Home values in Lake Isabella
- Property taxes in Lake Isabella
- Types of homes in Lake Isabella
- Bedrooms in Lake Isabella
- Age of homes in Lake Isabella
- Heating fuel in Lake Isabella
- Commute and cars in Lake Isabella
- Population growth in Lake Isabella
- How long people stay in Lake Isabella
- Michigan landlord and tenant rules
- Housing across Isabella County
- Housing data for every place in Michigan