Total monthly cost of ownership
Cost to Own a Home in Baraga, Michigan
A $101,000 home here costs
$1,026per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $507 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.
Baraga against Baraga County and Michigan
| Measure | Baraga | Baraga County |
|---|---|---|
| Median home value | $101,000 | $124,400 |
| Median property tax | $1,430 | $1,666 |
| Effective tax rate | 1.416% | 1.339% |
| Median gross rent | $434 | $557 |
| Population | 1,948 | 8,249 |
The weather behind that power bill
Baraga sits in Baraga County, which averages a high of 74.8°F in its hottest month and a low of 6.7°F in its coldest, with 38.26" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 187 cooling and 9,518 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Baraga County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Baraga County
Full Baraga County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Baraga?
A $101,000 home in Baraga, Michigan costs approximately $1,026 per month with 20% down at 6.66%. That is $519 principal and interest, $119 property tax, $38 homeowners insurance, $266 utilities and $84 set aside for maintenance.
What is the property tax rate in Baraga?
Baraga has an effective property tax rate of 1.416%, based on a median home value of $101,000 and median real estate taxes of $1,430. That is higher than the Baraga County average of 1.339%.
What is the average home price in Baraga?
The median owner-occupied home value in Baraga, Michigan is $101,000, against $124,400 across Baraga County.
Is it cheaper to rent or buy in Baraga?
Median gross rent in Baraga is $434 a month, against $1,026 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 Baraga — 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.