How much do homeowners pay a month in Redford Charter Township, MI?

Homeowners with a mortgage in Redford Charter Township, MI pay a median of $1,288 (±$40) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $570 (±$21).

67.7% of owned homes carry a mortgage.

In Redford Charter Township, the median monthly cost with a mortgage went from $1,087 in 2015–2019 to $1,288 in 2020–2024 (+18.5%).

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
$1,288 (±$40)
Without a mortgage
$570 (±$21)
Owned with a mortgage
67.7%

Monthly owner costs in Redford Charter Township

Median selected monthly owner costs, estimate (90% margin of error)
Redford Charter TownshipWayne CountyMichiganUnited States
With a mortgage$1,288 (±$40)$1,556 (±$13)$1,569 (±$5)$1,963
Without a mortgage$570 (±$21)$612 (±$6)$602 (±$3)$638
Owned homes with a mortgage67.7% (±3.3 points)51.5% (±0.6 points)57.8% (±0.2 points)60.6%
Median real estate taxes (a year)$2,569 (±$76)$2,904 (±$26)$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 Redford Charter Township, the median cost with a mortgage is lower than in Wayne County ($1,556).

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

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

In Wayne County, Redford Charter Township ranks 34 of 43 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 971 of 1,516.

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

How owner costs in Redford Charter Township 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$1,087 (±$27)$1,288 (±$40)+18.5%No measurable change after inflation
Median real estate taxes$1,997 (±$47)$2,569 (±$76)+28.6%Up after inflation
Median home value$87,700 (±$2,358)$155,600 (±$3,570)+77.4%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 Redford Charter Township

Nearest places with a published estimate, compared with Redford Charter Township
PlaceDistanceMedian monthly cost with a mortgageCompared with this place
Redford Charter Township—$1,288 (±$40)—
Livonia4.0 mi$1,698 (±$26)Higher
Dearborn Heights4.1 mi$1,476 (±$65)Higher
Garden City5.4 mi$1,326 (±$51)Not measurably different
Southfield5.8 mi$1,779 (±$47)Higher
Farmington6.3 mi$1,862 (±$113)Higher
Westland6.8 mi$1,360 (±$35)Higher
Dearborn7.0 mi$1,672 (±$48)Higher
Inkster7.1 mi$1,215 (±$86)Not measurably different

Nearby places with a measurably higher figure: Livonia, MI ($1,698), Dearborn Heights, MI ($1,476), Southfield, MI ($1,779).

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

Median monthly cost with a mortgage across Wayne County, place by place

RankPlaceMedian monthly cost with a mortgage
28Belleville$1,464 (±$337)
29Southgate$1,463 (±$67)
30Romulus$1,390 (±$92)
31Westland$1,360 (±$35)
32Wyandotte$1,328 (±$46)
33Garden City$1,326 (±$51)
34Redford Charter Township$1,288 (±$40)
35Taylor$1,254 (±$55)
36Detroit$1,238 (±$24)
37Hamtramck$1,218 (±$84)
38Inkster$1,215 (±$86)
39Wayne$1,214 (±$54)
40Lincoln Park$1,169 (±$37)

Showing 13 of 43 places in Wayne 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 Redford Charter Township

What is the average mortgage payment in Redford Charter Township?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Redford Charter Township, MI is $1,288 (±$40) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Redford Charter Township?

Owners without a mortgage in Redford Charter Township pay a median of $570 (±$21) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Redford Charter Township gone up?

In Redford Charter Township, the median monthly cost with a mortgage went from $1,087 in 2015–2019 to $1,288 in 2020–2024 (+18.5%).

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 Redford charter township, Wayne County, Michigan (county subdivision:67625, in state:26 county:163).

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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