How much do homeowners pay a month in Newkirk Township, MI?
Homeowners with a mortgage in Newkirk Township, MI pay a median of $988 (±$136) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $467 (±$128).
28.4% of owned homes carry a mortgage.
In Newkirk Township, the median monthly cost with a mortgage went from $905 in 2015–2019 to $988 in 2020–2024 (+9.2%).
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
- $988 (±$136)
- Without a mortgage
- $467 (±$128)
- Owned with a mortgage
- 28.4%
Monthly owner costs in Newkirk Township
| Newkirk Township | Lake County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $988 (±$136) | $1,172 (±$44) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $467 (±$128) | $459 (±$25) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 28.4% (±10.9 points) | 42.4% (±3.2 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,649 (±$350) | $1,456 (±$63) | $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 Newkirk Township, the median cost with a mortgage is lower than in Lake County ($1,172).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Lake County, Newkirk Township ranks 15 of 15 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1451 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Newkirk Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $905 (±$97) | $988 (±$136) | +9.2% | No measurable change after inflation |
| Median real estate taxes | $913 (±$119) | $1,649 (±$350) | +80.6% | Up after inflation |
| Median home value | $62,900 (±$7,936) | $110,600 (±$54,815) | +75.8% | 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 Newkirk Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Newkirk Township | — | $988 (±$136) | — |
| Eden Township (Lake County) | 5.8 mi | $1,313 (±$206) | Higher |
| Dover Township (Lake County) | 6.3 mi | $1,153 (±$236) | Not measurably different |
| Peacock Township | 7.4 mi | $989 (±$208) | Not measurably different |
| South Branch Township (Wexford County) | 7.6 mi | $1,163 (±$95) | Higher |
| Ellsworth Township | 7.8 mi | $1,417 (±$424) | Not measurably different |
| Henderson Township | 10 mi | $1,792 (±$259) | Higher |
| Cherry Valley Township | 10 mi | $1,063 (±$228) | Not measurably different |
| Webber Township | 11 mi | $1,093 (±$123) | Not measurably different |
Nearby places with a measurably higher figure: Eden Township (Lake County), MI ($1,313), South Branch Township (Wexford County), MI ($1,163), Henderson Township, MI ($1,792).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lake County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 9 | Sauble Township | $1,134 (±$242) |
| 10 | Webber Township | $1,093 (±$123) |
| 11 | Pleasant Plains Township | $1,085 (±$98) |
| 12 | Cherry Valley Township | $1,063 (±$228) |
| 13 | Sweetwater Township | $993 (±$169) |
| 14 | Peacock Township | $989 (±$208) |
| 15 | Newkirk Township | $988 (±$136) |
Showing 7 of 15 places in Lake County, ranked from highest to lowest.
The figures for Newkirk Township include the places inside it that have pages of their own: Luther.
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 Newkirk Township
What is the average mortgage payment in Newkirk Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Newkirk Township, MI is $988 (±$136) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Newkirk Township?
Owners without a mortgage in Newkirk Township pay a median of $467 (±$128) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Newkirk Township gone up?
In Newkirk Township, the median monthly cost with a mortgage went from $905 in 2015–2019 to $988 in 2020–2024 (+9.2%).
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 — Newkirk township, Lake County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Newkirk township, Lake County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Newkirk township, Lake County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Newkirk township, Lake County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Newkirk township, Lake 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 Newkirk township, Lake County, Michigan (county subdivision:57480, in state:26 county:085).
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 Newkirk Township at a glance
- Renters and owners in Newkirk Township
- Income and affordability in Newkirk Township
- Property taxes in Newkirk Township
- Types of homes in Newkirk Township
- Bedrooms in Newkirk Township
- Age of homes in Newkirk Township
- Heating fuel in Newkirk Township
- Commute and cars in Newkirk Township
- Michigan landlord and tenant rules
- Housing across Lake County
- Housing data for every place in Michigan