How much do homeowners pay a month in Merrill Township, MI?
Homeowners with a mortgage in Merrill Township, MI pay a median of $1,188 (±$386) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $474 (±$77).
39.4% of owned homes carry a mortgage.
In Merrill Township, the median monthly cost with a mortgage went from $925 in 2015–2019 to $1,188 in 2020–2024 (+28.4%).
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
- $1,188 (±$386)
- Without a mortgage
- $474 (±$77)
- Owned with a mortgage
- 39.4%
Monthly owner costs in Merrill Township
| Merrill Township | Newaygo County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,188 (±$386) | $1,356 (±$31) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $474 (±$77) | $516 (±$17) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 39.4% (±10.8 points) | 51.9% (±2.0 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,213 (±$185) | $2,055 (±$95) | $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 Merrill Township, the median cost with a mortgage is not measurably different from Newaygo County ($1,356).
It is not measurably different from Michigan ($1,569).
It is lower than the national figure ($1,963).
In Newaygo County, Merrill Township ranks 21 of 28 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1171 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Merrill Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $925 (±$78) | $1,188 (±$386) | +28.4% | No measurable change after inflation |
| Median real estate taxes | $1,074 (±$192) | $1,213 (±$185) | +12.9% | No measurable change after inflation |
| Median home value | $80,500 (±$27,637) | $109,100 (±$22,593) | +35.5% | 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 Merrill Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Merrill Township | — | $1,188 (±$386) | — |
| Lincoln Township (Newaygo County) | 4.8 mi | $1,185 (±$51) | Not measurably different |
| Beaver Township (Newaygo County) | 5.0 mi | $1,375 (±$316) | Not measurably different |
| Lilley Township | 6.0 mi | $1,138 (±$99) | Not measurably different |
| Monroe Township | 7.1 mi | $1,286 (±$203) | Not measurably different |
| Denver Township (Newaygo County) | 8.3 mi | $1,025 (±$100) | Not measurably different |
| Troy Township | 8.5 mi | $1,875 (±$1,093) | Not measurably different |
| Wilcox Township | 8.8 mi | $1,181 (±$148) | Not measurably different |
| Home Township (Newaygo County) | 9.5 mi | $1,242 (±$423) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Newaygo County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 15 | Ashland Township | $1,339 (±$280) |
| 16 | Goodwell Township | $1,333 (±$395) |
| 17 | White Cloud | $1,325 (±$370) |
| 18 | Fremont | $1,297 (±$135) |
| 19 | Monroe Township | $1,286 (±$203) |
| 20 | Home Township (Newaygo County) | $1,242 (±$423) |
| 21 | Merrill Township | $1,188 (±$386) |
| 22 | Lincoln Township (Newaygo County) | $1,185 (±$51) |
| 23 | Wilcox Township | $1,181 (±$148) |
| 24 | Grant | $1,175 (±$219) |
| 25 | Big Prairie Township | $1,146 (±$75) |
| 26 (tie) | Newaygo | $1,138 (±$100) |
| 26 (tie) | Lilley Township | $1,138 (±$99) |
Showing 13 of 28 places in Newaygo 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 Merrill Township
What is the average mortgage payment in Merrill Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Merrill Township, MI is $1,188 (±$386) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Merrill Township?
Owners without a mortgage in Merrill Township pay a median of $474 (±$77) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Merrill Township gone up?
In Merrill Township, the median monthly cost with a mortgage went from $925 in 2015–2019 to $1,188 in 2020–2024 (+28.4%).
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 — Merrill township, Newaygo County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Merrill township, Newaygo County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Merrill township, Newaygo County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Merrill township, Newaygo County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Merrill township, Newaygo 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 Merrill township, Newaygo County, Michigan (county subdivision:53160, in state:26 county:123).
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 Merrill Township at a glance
- Income and affordability in Merrill Township
- Home values in Merrill Township
- Property taxes in Merrill Township
- Types of homes in Merrill Township
- Bedrooms in Merrill Township
- Age of homes in Merrill Township
- Heating fuel in Merrill Township
- How long people stay in Merrill Township
- Michigan landlord and tenant rules
- Housing across Newaygo County
- Housing data for every place in Michigan