🏦 Mortgage Calculators Michigan

How Much House Can I Afford in Michigan?

Find out how much house you can afford in Michigan with 1.54% property tax. Uses 28/36 rule with Michigan-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Michigan Quick Facts

4.3% Income Tax Rate

1.54% Property Tax Rate

$63,202 Median Income

91.4 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Michigan using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Michigan's effective property tax rate of 1.54% and average home insurance of $1,820/year. Median home price in Michigan: $235,000.

Key State Information

Michigan housing market: Median home price $235,000 | Property tax rate 1.54% | Avg home insurance $1,820/yr | Median household income $63,202. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Michigan?

With Michigan's median household income of $63,202 and a 10% down payment, you can typically afford a home priced around $221,207-$284,409 depending on debts and interest rates. The median home in Michigan costs $235,000.

What is the property tax rate in Michigan?

Michigan's effective property tax rate is 1.54%. On a $235,000 home, that's approximately $3,619/year or $302/month.