How much do homeowners pay a month in Posen Township, MI?
Homeowners with a mortgage in Posen Township, MI pay a median of $893 (±$277) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $512 (±$73).
48.1% of owned homes carry a mortgage.
In Posen Township, the median monthly cost with a mortgage went from $846 in 2015–2019 to $893 in 2020–2024 (+5.6%).
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
- $893 (±$277)
- Without a mortgage
- $512 (±$73)
- Owned with a mortgage
- 48.1%
Monthly owner costs in Posen Township
| Posen Township | Presque Isle County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $893 (±$277) | $1,119 (±$44) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $512 (±$73) | $445 (±$14) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 48.1% (±12.1 points) | 46.0% (±2.8 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,189 (±$158) | $1,432 (±$44) | $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 Posen Township, the median cost with a mortgage is not measurably different from Presque Isle County ($1,119).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Presque Isle County, Posen Township ranks 15 of 16 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1501 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Posen Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $846 (±$101) | $893 (±$277) | +5.6% | No measurable change after inflation |
| Median real estate taxes | $1,146 (±$79) | $1,189 (±$158) | +3.8% | Down after inflation |
| Median home value | $89,000 (±$10,375) | $121,900 (±$28,981) | +37.0% | 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 Posen Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Posen Township | — | $893 (±$277) | — |
| Krakow Township | 5.4 mi | $1,328 (±$146) | Higher |
| Long Rapids Township | 6.7 mi | $1,095 (±$184) | Not measurably different |
| Metz Township | 6.8 mi | $1,075 (±$331) | Not measurably different |
| Pulawski Township | 7.7 mi | $964 (±$108) | Not measurably different |
| Belknap Township | 8.5 mi | $975 (±$51) | Not measurably different |
| Wellington Township | 9.6 mi | $1,102 (±$155) | Not measurably different |
| Maple Ridge Township (Alpena County) | 11 mi | $1,158 (±$90) | Not measurably different |
| Bismarck Township | 12 mi | $1,121 (±$98) | Not measurably different |
Nearby places with a measurably higher figure: Krakow Township, MI ($1,328).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Presque Isle County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 9 | Case Township | $1,107 (±$92) |
| 10 | Metz Township | $1,075 (±$331) |
| 11 | North Allis Township | $1,053 (±$76) |
| 12 | Belknap Township | $975 (±$51) |
| 13 | Pulawski Township | $964 (±$108) |
| 14 | Rogers City | $960 (±$59) |
| 15 | Posen Township | $893 (±$277) |
| 16 | Onaway | $854 (±$87) |
Showing 8 of 16 places in Presque Isle County, ranked from highest to lowest.
The figures for Posen Township include the places inside it that have pages of their own: Posen.
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 Posen Township
What is the average mortgage payment in Posen Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Posen Township, MI is $893 (±$277) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Posen Township?
Owners without a mortgage in Posen Township pay a median of $512 (±$73) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Posen Township gone up?
In Posen Township, the median monthly cost with a mortgage went from $846 in 2015–2019 to $893 in 2020–2024 (+5.6%).
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 — Posen township, Presque Isle County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Posen township, Presque Isle 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 Posen township, Presque Isle County, Michigan (county subdivision:66020, in state:26 county:141).
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 Posen Township at a glance
- Income and affordability in Posen Township
- Home values in Posen Township
- Property taxes in Posen Township
- Types of homes in Posen Township
- Bedrooms in Posen Township
- Age of homes in Posen Township
- Heating fuel in Posen Township
- Commute and cars in Posen Township
- How long people stay in Posen Township
- Michigan landlord and tenant rules
- Housing across Presque Isle County
- Housing data for every place in Michigan