How much house can I afford on $60,000 in Michigan?
About $204,000 with 20% down ($164,000 with an FHA loan), using Michigan's 1.17% property tax rate.
That is $59,669 less than the typical Michigan home ($263,760), so on $60,000 you'd look at cheaper areas or a smaller home. The payment of $1,400 covers $1,098 principal and interest, $200 property tax and $102 insurance.
Counties in Michigan you can afford on $60,000
33 of 83 counties have a typical home value at or below $204,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Delta County | $203,915 | +9.1% | 1.13% |
| Sanilac County | $201,517 | +3.2% | 0.9% |
| Huron County | $201,120 | +4.9% | 1.19% |
| Osceola County | $200,793 | +6.4% | 1.02% |
| Chippewa County | $196,951 | +6.8% | 1.26% |
| Houghton County | $196,480 | +7.6% | 1.16% |
| Schoolcraft County | $195,805 | +10.0% | 0.99% |
| Genesee County | $195,727 | +4.1% | 1.36% |
| Alcona County | $194,373 | +8.1% | 0.82% |
| Alpena County | $193,096 | +8.5% | 1.06% |
| Roscommon County | $191,859 | +0.3% | 1.01% |
| Calhoun County | $190,006 | +3.2% | 1.45% |
| Gladwin County | $187,465 | +10.7% | 1.15% |
| Bay County | $186,141 | +6.5% | 1.49% |
| Tuscola County | $185,735 | +5.6% | 1.21% |
| Menominee County | $184,675 | +5.3% | 1.01% |
| Ogemaw County | $180,468 | +6.0% | 0.95% |
| Dickinson County | $180,433 | +4.4% | 1.27% |
| Gratiot County | $180,252 | +6.2% | 1.24% |
| Crawford County | $179,733 | +3.1% | 1.06% |
| Baraga County | $177,789 | +14.6% | 1.22% |
| Wayne County | $175,631 | +0.8% | 1.63% |
| Saginaw County | $175,096 | +5.4% | 1.49% |
| Montmorency County | $174,570 | +2.5% | 0.86% |
| Iosco County | $172,299 | +4.4% | 0.96% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.17% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Michigan
Frequently asked questions
How much house can I afford on $60,000 in Michigan?
About $204,000 with 20% down at 7.11%, keeping the payment (with Michigan's 1.17% property tax and insurance) under $1,400 a month.
Is $60,000 enough to buy a house in Michigan?
Not the typical home: the typical Michigan home is worth $263,760 (Zillow, September 2026) and $60,000 supports about $204,000. 33 of 83 counties are within budget.