How much do homeowners pay a month in Ontonagon, MI?

Homeowners with a mortgage in Ontonagon, MI pay a median of $978 (±$70) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $501 (±$56).

36.6% of owned homes carry a mortgage.

In Ontonagon, the median monthly cost with a mortgage went from $900 in 2015–2019 to $978 in 2020–2024 (+8.7%).

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
$978 (±$70)
Without a mortgage
$501 (±$56)
Owned with a mortgage
36.6%

Monthly owner costs in Ontonagon

Median selected monthly owner costs, estimate (90% margin of error)
OntonagonOntonagon CountyMichiganUnited States
With a mortgage$978 (±$70)$1,094 (±$55)$1,569 (±$5)$1,963
Without a mortgage$501 (±$56)$463 (±$17)$602 (±$3)$638
Owned homes with a mortgage36.6% (±7.1 points)34.6% (±2.6 points)57.8% (±0.2 points)60.6%
Median real estate taxes (a year)$1,205 (±$108)$1,294 (±$61)$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 Ontonagon, the median cost with a mortgage is lower than in Ontonagon County ($1,094).

It is also lower than in Michigan ($1,569).

It is lower than the national figure ($1,963).

Statewide, it ranks 206 of 252.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Ontonagon have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median owner cost with a mortgage$900 (±$102)$978 (±$70)+8.7%No measurable change after inflation
Median real estate taxes$1,113 (±$97)$1,205 (±$108)+8.3%No measurable change after inflation
Median home value$63,700 (±$3,042)$105,200 (±$9,499)+65.1%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 Ontonagon

Nearest places with a published estimate, compared with Ontonagon
PlaceDistanceMedian monthly cost with a mortgageCompared with this place
Ontonagon—$978 (±$70)—
Greenland Township13 mi$1,294 (±$453)Not measurably different
Rockland Township13 mi$1,083 (±$247)Not measurably different
Bohemia Township18 mi$1,800 (±$609)Higher
Carp Lake Township (Ontonagon County)19 mi$1,037 (±$215)Not measurably different
Matchwood Township19 mi$1,354 (±$156)Higher
Stannard Township20 mi$1,208 (±$715)Not measurably different
Elm River Township22 mi$1,477 (±$281)Higher
Bergland Township25 mi$1,033 (±$176)Not measurably different

Nearby places with a measurably higher figure: Bohemia Township, MI ($1,800), Matchwood Township, MI ($1,354), Elm River Township, MI ($1,477).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Ontonagon lies inside Ontonagon Township, whose figures include it, so it is ranked only against places like it.

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 Ontonagon

What is the average mortgage payment in Ontonagon?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Ontonagon, MI is $978 (±$70) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Ontonagon?

Owners without a mortgage in Ontonagon pay a median of $501 (±$56) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Ontonagon gone up?

In Ontonagon, the median monthly cost with a mortgage went from $900 in 2015–2019 to $978 in 2020–2024 (+8.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Sources

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 Ontonagon village, Michigan (place:60860, in state:26).

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.

Request a Census API 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 .

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