How much do homeowners pay a month in Lake Township (Huron County), MI?
Homeowners with a mortgage in Lake Township (Huron County), MI pay a median of $1,150 (±$90) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $492 (±$44).
41.6% of owned homes carry a mortgage.
In Lake Township (Huron County), the median monthly cost with a mortgage went from $1,136 in 2015–2019 to $1,150 in 2020–2024 (+1.2%).
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
- $1,150 (±$90)
- Without a mortgage
- $492 (±$44)
- Owned with a mortgage
- 41.6%
Monthly owner costs in Lake Township (Huron County)
| Lake Township (Huron County) | Huron County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,150 (±$90) | $1,135 (±$27) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $492 (±$44) | $510 (±$14) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 41.6% (±8.3 points) | 38.9% (±1.5 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,508 (±$251) | $1,829 (±$46) | $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 Township (Huron County), the median cost with a mortgage is not measurably different from Huron County ($1,135).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Huron County, Lake Township (Huron County) ranks 16 of 30 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1263 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Lake Township (Huron County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,136 (±$105) | $1,150 (±$90) | +1.2% | Down after inflation |
| Median real estate taxes | $1,609 (±$273) | $2,508 (±$251) | +55.9% | Up after inflation |
| Median home value | $149,100 (±$14,638) | $188,000 (±$57,836) | +26.1% | 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 Township (Huron County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Lake Township (Huron County) | — | $1,150 (±$90) | — |
| Hume Township | 5.4 mi | $1,228 (±$132) | Not measurably different |
| Caseville | 6.0 mi | $1,050 (±$426) | Not measurably different |
| Chandler Township (Huron County) | 6.1 mi | $1,370 (±$118) | Higher |
| Meade Township (Huron County) | 8.5 mi | $1,271 (±$130) | Not measurably different |
| Kinde | 9.2 mi | $875 (±$353) | Not measurably different |
| Port Austin | 9.6 mi | $1,165 (±$77) | Not measurably different |
| McKinley Township (Huron County) | 9.8 mi | $1,573 (±$178) | Higher |
| Dwight Township | 11 mi | $1,175 (±$277) | Not measurably different |
Nearby places with a measurably higher figure: Chandler Township (Huron County), MI ($1,370), McKinley Township (Huron County), MI ($1,573).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Huron County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 10 | Winsor Township | $1,231 (±$115) |
| 11 (tie) | Hume Township | $1,228 (±$132) |
| 11 (tie) | Port Austin Township | $1,228 (±$83) |
| 13 | Verona Township | $1,210 (±$108) |
| 14 | Dwight Township | $1,175 (±$277) |
| 15 | Colfax Township (Huron County) | $1,151 (±$111) |
| 16 | Lake Township (Huron County) | $1,150 (±$90) |
| 17 | Harbor Beach | $1,142 (±$60) |
| 18 | Caseville Township | $1,114 (±$107) |
| 19 | Sheridan Township (Huron County) | $1,096 (±$240) |
| 20 | Bingham Township (Huron County) | $1,091 (±$165) |
| 21 | Caseville | $1,050 (±$426) |
| 22 | Sebewaing Township | $1,047 (±$195) |
Showing 13 of 30 places in Huron 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 Lake Township (Huron County)
What is the average mortgage payment in Lake Township (Huron County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Township (Huron County), MI is $1,150 (±$90) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Lake Township (Huron County)?
Owners without a mortgage in Lake Township (Huron County) pay a median of $492 (±$44) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Lake Township (Huron County) gone up?
In Lake Township (Huron County), the median monthly cost with a mortgage went from $1,136 in 2015–2019 to $1,150 in 2020–2024 (+1.2%).
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 township, Huron County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake township, Huron County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lake township, Huron County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lake township, Huron County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake township, Huron 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 Lake township, Huron County, Michigan (county subdivision:44300, in state:26 county:063).
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 Township (Huron County) at a glance
- Income and affordability in Lake Township (Huron County)
- Home values in Lake Township (Huron County)
- Property taxes in Lake Township (Huron County)
- Types of homes in Lake Township (Huron County)
- Bedrooms in Lake Township (Huron County)
- Age of homes in Lake Township (Huron County)
- Heating fuel in Lake Township (Huron County)
- Commute and cars in Lake Township (Huron County)
- Michigan landlord and tenant rules
- Housing across Huron County
- Housing data for every place in Michigan