Total monthly cost of ownership
Cost to Own a Home in Adrian, Michigan
A $120,000 home here costs
$1,203per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $586 higher every month — 95% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Adrian against Lenawee County and Michigan
| Measure | Adrian | Lenawee County |
|---|---|---|
| Median home value | $119,900 | $181,100 |
| Median property tax | $2,106 | $2,412 |
| Effective tax rate | 1.756% | 1.332% |
| Median gross rent | $939 | $965 |
| Population | 20,493 | 98,823 |
The weather behind that power bill
Adrian sits in Lenawee County, which averages a high of 83.5°F in its hottest month and a low of 17.3°F in its coldest, with 29.95" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 695 cooling and 6,383 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Lenawee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lenawee County
Full Lenawee County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Adrian?
A $120,000 home in Adrian, Michigan costs approximately $1,203 per month with 20% down at 6.66%. That is $617 principal and interest, $176 property tax, $45 homeowners insurance, $266 utilities and $100 set aside for maintenance.
What is the property tax rate in Adrian?
Adrian has an effective property tax rate of 1.756%, based on a median home value of $119,900 and median real estate taxes of $2,106. That is higher than the Lenawee County average of 1.332%.
What is the average home price in Adrian?
The median owner-occupied home value in Adrian, Michigan is $119,900, against $181,100 across Lenawee County.
Is it cheaper to rent or buy in Adrian?
Median gross rent in Adrian is $939 a month, against $1,203 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Adrian — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.