How much do homeowners pay a month in Oceola Township, MI?
Homeowners with a mortgage in Oceola Township, MI pay a median of $1,919 (±$68) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $734 (±$36).
77.7% of owned homes carry a mortgage.
In Oceola Township, the median monthly cost with a mortgage went from $1,686 in 2015–2019 to $1,919 in 2020–2024 (+13.8%).
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
- $1,919 (±$68)
- Without a mortgage
- $734 (±$36)
- Owned with a mortgage
- 77.7%
Monthly owner costs in Oceola Township
| Oceola Township | Livingston County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,919 (±$68) | $1,899 (±$23) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $734 (±$36) | $680 (±$13) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 77.7% (±3.4 points) | 67.3% (±1.1 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,240 (±$133) | $3,454 (±$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 Oceola Township, the median cost with a mortgage is not measurably different from Livingston County ($1,899).
It is also higher than in Michigan ($1,569).
It is not measurably different from the national figure ($1,963).
In Livingston County, Oceola Township ranks 9 of 18 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 125 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Oceola Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,686 (±$65) | $1,919 (±$68) | +13.8% | Down after inflation |
| Median real estate taxes | $2,747 (±$74) | $3,240 (±$133) | +17.9% | No measurable change after inflation |
| Median home value | $254,000 (±$7,591) | $368,700 (±$12,110) | +45.2% | Up 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 Oceola Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Oceola Township | — | $1,919 (±$68) | — |
| Howell | 4.8 mi | $1,805 (±$188) | Not measurably different |
| Howell Township | 5.8 mi | $1,606 (±$86) | Lower |
| Hartland Township | 6.1 mi | $1,949 (±$81) | Not measurably different |
| Deerfield Township (Livingston County) | 6.6 mi | $1,698 (±$132) | Lower |
| Genoa Township | 7.0 mi | $2,050 (±$129) | Not measurably different |
| Cohoctah Township | 8.0 mi | $2,033 (±$220) | Not measurably different |
| Tyrone Township (Livingston County) | 8.5 mi | $1,907 (±$125) | Not measurably different |
| Marion Township (Livingston County) | 8.9 mi | $1,932 (±$84) | Not measurably different |
Nearby places with a measurably lower figure: Howell Township, MI ($1,606), Deerfield Township (Livingston County), MI ($1,698).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Livingston County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 3 | Cohoctah Township | $2,033 (±$220) |
| 4 | Green Oak Township | $2,017 (±$103) |
| 5 | Iosco Township | $2,012 (±$253) |
| 6 | Hartland Township | $1,949 (±$81) |
| 7 | Hamburg Township | $1,938 (±$61) |
| 8 | Marion Township (Livingston County) | $1,932 (±$84) |
| 9 | Oceola Township | $1,919 (±$68) |
| 10 | Tyrone Township (Livingston County) | $1,907 (±$125) |
| 11 | Brighton | $1,889 (±$127) |
| 12 | Howell | $1,805 (±$188) |
| 13 | Putnam Township | $1,767 (±$143) |
| 14 | Conway Township | $1,732 (±$156) |
| 15 | Deerfield Township (Livingston County) | $1,698 (±$132) |
Showing 13 of 18 places in Livingston 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 Oceola Township
What is the average mortgage payment in Oceola Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Oceola Township, MI is $1,919 (±$68) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Oceola Township?
Owners without a mortgage in Oceola Township pay a median of $734 (±$36) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Oceola Township gone up?
In Oceola Township, the median monthly cost with a mortgage went from $1,686 in 2015–2019 to $1,919 in 2020–2024 (+13.8%).
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 — Oceola township, Livingston County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Oceola township, Livingston County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Oceola township, Livingston County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Oceola township, Livingston County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Oceola township, Livingston 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 Oceola township, Livingston County, Michigan (county subdivision:60120, in state:26 county:093).
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 Oceola Township at a glance
- Median rent in Oceola Township
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- Rent burden in Oceola Township
- Renters and owners in Oceola Township
- Income and affordability in Oceola Township
- Home values in Oceola Township
- Property taxes in Oceola Township
- Types of homes in Oceola Township
- Bedrooms in Oceola Township
- Age of homes in Oceola Township
- Heating fuel in Oceola Township
- Commute and cars in Oceola Township
- Population growth in Oceola Township
- How long people stay in Oceola Township
- Crowding and facilities in Oceola Township
- Michigan landlord and tenant rules
- Housing across Livingston County
- Housing data for every place in Michigan