How much do homeowners pay a month in Meyer Township, MI?
Homeowners with a mortgage in Meyer Township, MI pay a median of $954 (±$184) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $355 (±$45).
43.7% of owned homes carry a mortgage.
In Meyer Township, the median monthly cost with a mortgage went from $964 in 2015–2019 to $954 in 2020–2024 (−1.0%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- With a mortgage
- $954 (±$184)
- Without a mortgage
- $355 (±$45)
- Owned with a mortgage
- 43.7%
Monthly owner costs in Meyer Township
| Meyer Township | Menominee County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $954 (±$184) | $1,163 (±$49) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $355 (±$45) | $436 (±$14) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 43.7% (±11.3 points) | 46.6% (±2.9 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,067 (±$218) | $1,537 (±$79) | $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 Meyer Township, the median cost with a mortgage is lower than in Menominee County ($1,163).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Menominee County, Meyer Township ranks 16 of 16 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1484 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Meyer Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $964 (±$52) | $954 (±$184) | −1.0% | Down after inflation |
| Median real estate taxes | $1,071 (±$119) | $1,067 (±$218) | −0.4% | No measurable change after inflation |
| Median home value | $89,900 (±$7,341) | $115,700 (±$20,661) | +28.7% | 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 Meyer Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Meyer Township | — | $954 (±$184) | — |
| Spalding Township | 5.7 mi | $1,260 (±$201) | Higher |
| Powers | 7.5 mi | $919 (±$76) | Not measurably different |
| Waucedah Township | 7.6 mi | $1,596 (±$292) | Higher |
| Faithorn Township | 8.5 mi | $1,313 (±$220) | Higher |
| Carney | 12 mi | $807 (±$72) | Not measurably different |
| Harris Township | 13 mi | $1,209 (±$162) | Higher |
| Norway | 13 mi | $783 (±$351) | Not measurably different |
| Norway Township | 14 mi | $1,435 (±$201) | Higher |
Nearby places with a measurably higher figure: Spalding Township, MI ($1,260), Waucedah Township, MI ($1,596), Faithorn Township, MI ($1,313).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Menominee County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 10 | Menominee Township | $1,176 (±$66) |
| 11 | Holmes Township | $1,155 (±$108) |
| 12 | Mellen Township | $1,107 (±$240) |
| 13 | Menominee | $1,072 (±$113) |
| 14 | Stephenson | $985 (±$123) |
| 15 | Lake Township (Menominee County) | $964 (±$228) |
| 16 | Meyer Township | $954 (±$184) |
Showing 7 of 16 places in Menominee 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 Meyer Township
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Questions about Meyer Township
What is the average mortgage payment in Meyer Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Meyer Township, MI is $954 (±$184) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Meyer Township?
Owners without a mortgage in Meyer Township pay a median of $355 (±$45) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Meyer Township gone up?
In Meyer Township, the median monthly cost with a mortgage went from $964 in 2015–2019 to $954 in 2020–2024 (−1.0%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Meyer township, Menominee County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Meyer township, Menominee County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Meyer township, Menominee County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Meyer township, Menominee County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Meyer township, Menominee 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 Meyer township, Menominee County, Michigan (county subdivision:53460, in state:26 county:109).
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 Meyer Township at a glance
- Renters and owners in Meyer Township
- Income and affordability in Meyer Township
- Home values in Meyer Township
- Property taxes in Meyer Township
- Types of homes in Meyer Township
- Bedrooms in Meyer Township
- Age of homes in Meyer Township
- Heating fuel in Meyer Township
- Commute and cars in Meyer Township
- Population growth in Meyer Township
- Michigan landlord and tenant rules
- Housing across Menominee County
- Housing data for every place in Michigan