How much do homeowners pay a month in Powell Township, MI?
Homeowners with a mortgage in Powell Township, MI pay a median of $1,255 (±$173) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $290 (±$67).
25.9% of owned homes carry a mortgage.
In Powell Township, the median monthly cost with a mortgage went from $1,279 in 2015–2019 to $1,255 in 2020–2024 (−1.9%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- With a mortgage
- $1,255 (±$173)
- Without a mortgage
- $290 (±$67)
- Owned with a mortgage
- 25.9%
Monthly owner costs in Powell Township
| Powell Township | Marquette County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,255 (±$173) | $1,379 (±$38) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $290 (±$67) | $509 (±$17) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 25.9% (±12.0 points) | 55.2% (±1.7 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $768 (±$286) | $2,109 (±$104) | $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 Powell Township, the median cost with a mortgage is not measurably different from Marquette County ($1,379).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Marquette County, Powell Township ranks 13 of 22 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1027 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Powell Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,279 (±$129) | $1,255 (±$173) | −1.9% | Down after inflation |
| Median real estate taxes | $1,455 (±$198) | $768 (±$286) | −47.2% | Down after inflation |
| Median home value | $179,200 (±$34,202) | $164,200 (±$6,266) | −8.4% | Down 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 Powell Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Powell Township | — | $1,255 (±$173) | — |
| Champion Township | 13 mi | $1,778 (±$1,325) | Not measurably different |
| Michigamme Township | 13 mi | $1,719 (±$672) | Not measurably different |
| Arvon Township | 15 mi | $1,172 (±$386) | Not measurably different |
| Ishpeming Township | 16 mi | $1,365 (±$169) | Not measurably different |
| Marquette Charter Township | 22 mi | $1,638 (±$393) | Not measurably different |
| L'Anse Township | 23 mi | $1,096 (±$63) | Not measurably different |
| Negaunee Township | 24 mi | $1,430 (±$188) | Not measurably different |
| West Ishpeming | 24 mi | $1,298 (±$199) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Marquette County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 7 | Sands Township | $1,465 (±$87) |
| 8 | Negaunee Township | $1,430 (±$188) |
| 9 | Chocolay Charter Township | $1,416 (±$116) |
| 10 | Ishpeming Township | $1,365 (±$169) |
| 11 | Negaunee | $1,308 (±$113) |
| 12 | Tilden Township | $1,286 (±$333) |
| 13 | Powell Township | $1,255 (±$173) |
| 14 | West Branch Township (Marquette County) | $1,203 (±$187) |
| 15 | Ewing Township | $1,181 (±$551) |
| 16 | Humboldt Township | $1,174 (±$136) |
| 17 | Forsyth Township | $1,165 (±$111) |
| 18 | Ishpeming | $1,077 (±$91) |
| 19 | Republic Township | $1,064 (±$114) |
Showing 13 of 22 places in Marquette 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 Powell Township
What is the average mortgage payment in Powell Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Powell Township, MI is $1,255 (±$173) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Powell Township?
Owners without a mortgage in Powell Township pay a median of $290 (±$67) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Powell Township gone up?
In Powell Township, the median monthly cost with a mortgage went from $1,279 in 2015–2019 to $1,255 in 2020–2024 (−1.9%).
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 — Powell township, Marquette County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Powell township, Marquette County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Powell township, Marquette County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Powell township, Marquette County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Powell township, Marquette 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 Powell township, Marquette County, Michigan (county subdivision:66120, in state:26 county:103).
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 Powell Township at a glance
- Income and affordability in Powell Township
- Home values in Powell Township
- Property taxes in Powell Township
- Types of homes in Powell Township
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- Age of homes in Powell Township
- Heating fuel in Powell Township
- Commute and cars in Powell Township
- Michigan landlord and tenant rules
- Housing across Marquette County
- Housing data for every place in Michigan