How much do homeowners pay a month in Ridgeway Township, MI?
Homeowners with a mortgage in Ridgeway Township, MI pay a median of $1,443 (±$125) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $663 (±$120).
69.0% of owned homes carry a mortgage.
In Ridgeway Township, the median monthly cost with a mortgage went from $1,223 in 2015–2019 to $1,443 in 2020–2024 (+18.0%).
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
- $1,443 (±$125)
- Without a mortgage
- $663 (±$120)
- Owned with a mortgage
- 69.0%
Monthly owner costs in Ridgeway Township
| Ridgeway Township | Lenawee County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,443 (±$125) | $1,409 (±$31) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $663 (±$120) | $566 (±$14) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 69.0% (±7.3 points) | 60.5% (±1.6 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,684 (±$313) | $2,492 (±$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 Ridgeway Township, the median cost with a mortgage is not measurably different from Lenawee County ($1,409).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Lenawee County, Ridgeway Township ranks 13 of 26 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 627 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Ridgeway Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,223 (±$61) | $1,443 (±$125) | +18.0% | No measurable change after inflation |
| Median real estate taxes | $2,250 (±$201) | $2,684 (±$313) | +19.3% | No measurable change after inflation |
| Median home value | $131,400 (±$15,225) | $176,500 (±$18,610) | +34.3% | 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 Ridgeway Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Ridgeway Township | — | $1,443 (±$125) | — |
| Macon Township | 4.7 mi | $1,586 (±$292) | Not measurably different |
| Tecumseh Township | 5.8 mi | $1,854 (±$132) | Higher |
| Raisin Township | 5.9 mi | $1,592 (±$61) | Higher |
| Deerfield Township (Lenawee County) | 6.0 mi | $1,339 (±$57) | Not measurably different |
| Tecumseh | 6.1 mi | $1,487 (±$128) | Not measurably different |
| Deerfield | 6.4 mi | $1,310 (±$62) | Not measurably different |
| Milan Township | 7.2 mi | $1,646 (±$419) | Not measurably different |
| Petersburg | 8.0 mi | $1,368 (±$83) | Not measurably different |
Nearby places with a measurably higher figure: Tecumseh Township, MI ($1,854), Raisin Township, MI ($1,592).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lenawee County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 7 | Woodstock Township | $1,582 (±$84) |
| 8 | Blissfield Township | $1,548 (±$82) |
| 9 | Dover Township (Lenawee County) | $1,492 (±$286) |
| 10 | Tecumseh | $1,487 (±$128) |
| 11 | Rome Township | $1,464 (±$115) |
| 12 | Cambridge Township | $1,453 (±$59) |
| 13 | Ridgeway Township | $1,443 (±$125) |
| 14 | Clinton Township (Lenawee County) | $1,438 (±$90) |
| 15 | Rollin Township | $1,429 (±$102) |
| 16 | Medina Township | $1,402 (±$200) |
| 17 | Adrian Township | $1,393 (±$272) |
| 18 | Seneca Township | $1,388 (±$239) |
| 19 | Palmyra Township | $1,374 (±$62) |
Showing 13 of 26 places in Lenawee County, ranked from highest to lowest.
The figures for Ridgeway Township include the places inside it that have pages of their own: Britton.
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 Ridgeway Township
What is the average mortgage payment in Ridgeway Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Ridgeway Township, MI is $1,443 (±$125) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Ridgeway Township?
Owners without a mortgage in Ridgeway Township pay a median of $663 (±$120) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Ridgeway Township gone up?
In Ridgeway Township, the median monthly cost with a mortgage went from $1,223 in 2015–2019 to $1,443 in 2020–2024 (+18.0%).
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 — Ridgeway township, Lenawee County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Ridgeway township, Lenawee County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Ridgeway township, Lenawee County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Ridgeway township, Lenawee County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ridgeway township, Lenawee 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 Ridgeway township, Lenawee County, Michigan (county subdivision:68540, in state:26 county:091).
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 Ridgeway Township at a glance
- Renters and owners in Ridgeway Township
- Income and affordability in Ridgeway Township
- Home values in Ridgeway Township
- Property taxes in Ridgeway Township
- Types of homes in Ridgeway Township
- Bedrooms in Ridgeway Township
- Age of homes in Ridgeway Township
- Heating fuel in Ridgeway Township
- Commute and cars in Ridgeway Township
- Population growth in Ridgeway Township
- How long people stay in Ridgeway Township
- Michigan landlord and tenant rules
- Housing across Lenawee County
- Housing data for every place in Michigan