Total monthly cost of ownership
Cost to Own a Home in Bad Axe, Michigan
A $107,000 home here costs
$1,089per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $550. The real number is $539 higher every month — 98% 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.
Bad Axe against Huron County and Michigan
| Measure | Bad Axe | Huron County |
|---|---|---|
| Median home value | $106,700 | $141,300 |
| Median property tax | $1,727 | $1,754 |
| Effective tax rate | 1.619% | 1.241% |
| Median gross rent | $731 | $743 |
| Population | 3,010 | 31,258 |
The weather behind that power bill
Bad Axe sits in Huron County, which averages a high of 77.1°F in its hottest month and a low of 18.7°F in its coldest, with 30.37" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 446 cooling and 6,942 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Huron County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Huron County
Common questions
How much does it cost to own a home in Bad Axe?
A $107,000 home in Bad Axe, Michigan costs approximately $1,089 per month with 20% down at 6.66%. That is $550 principal and interest, $144 property tax, $40 homeowners insurance, $266 utilities and $89 set aside for maintenance.
What is the property tax rate in Bad Axe?
Bad Axe has an effective property tax rate of 1.619%, based on a median home value of $106,700 and median real estate taxes of $1,727. That is higher than the Huron County average of 1.241%.
What is the average home price in Bad Axe?
The median owner-occupied home value in Bad Axe, Michigan is $106,700, against $141,300 across Huron County.
Is it cheaper to rent or buy in Bad Axe?
Median gross rent in Bad Axe is $731 a month, against $1,089 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 Bad Axe — 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.