Montmorency County, Michigan home prices
Typical home $174,570 · +2.5% in a year · property tax 0.86%
The typical home in Montmorency County is worth $174,570, 34% less than the Michigan typical home ($263,760). Values changed +2.5% in the past year and +10.6% over five years. Homeowners here pay a median 0.86% of their home's value in property tax each year ($1,501 on the typical home), versus 1.17% statewide.
Mortgage on the typical Montmorency County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,914 | $139,656 | $939 | $0 | $212 | $1,152 | $49,400 |
| 10% down | $17,457 | $157,113 | $1,057 | $65 | $212 | $1,335 | $57,200 |
| 5% down | $8,728 | $165,841 | $1,116 | $69 | $212 | $1,397 | $59,900 |
| 3.5% down (FHA) | $6,110 | $171,408 | $1,153 | $77 | $212 | $1,443 | $61,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.86% 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.
What it takes: see what you can afford by salary in Michigan.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saginaw County | $175,096 | +5.4% | 1.49% |
| Wayne County | $175,631 | +0.8% | 1.63% |
| Iosco County | $172,299 | +4.4% | 0.96% |
| Baraga County | $177,789 | +14.6% | 1.22% |
| Arenac County | $170,538 | +8.7% | 1.13% |
| Crawford County | $179,733 | +3.1% | 1.06% |
| Gratiot County | $180,252 | +6.2% | 1.24% |
| Dickinson County | $180,433 | +4.4% | 1.27% |
| Ogemaw County | $180,468 | +6.0% | 0.95% |
| Lake County | $165,696 | +7.0% | 1.09% |
Frequently asked questions
What is the average home price in Montmorency County, MI?
The typical home value in Montmorency County is $174,570 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montmorency County?
About $49,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montmorency County?
The median effective rate is 0.86% of home value a year (Census ACS 2024 5-year estimates).