Total monthly cost of ownership
Cost to Own a Home in Boyne City, Michigan
A $234,000 home here costs
$1,991per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,203. The real number is $788 higher every month — 66% 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.
Boyne City against Charlevoix County and Michigan
| Measure | Boyne City | Charlevoix County |
|---|---|---|
| Median home value | $233,900 | $242,800 |
| Median property tax | $2,877 | $2,408 |
| Effective tax rate | 1.230% | 0.992% |
| Median gross rent | $893 | $929 |
| Population | 3,829 | 26,143 |
The weather behind that power bill
Boyne City sits in Charlevoix County, which averages a high of 79.3°F in its hottest month and a low of 7.3°F in its coldest, with 30.01" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 254 cooling and 8,391 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Charlevoix County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Charlevoix County
Full Charlevoix County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Boyne City?
A $234,000 home in Boyne City, Michigan costs approximately $1,991 per month with 20% down at 6.66%. That is $1,203 principal and interest, $240 property tax, $87 homeowners insurance, $266 utilities and $195 set aside for maintenance.
What is the property tax rate in Boyne City?
Boyne City has an effective property tax rate of 1.230%, based on a median home value of $233,900 and median real estate taxes of $2,877. That is higher than the Charlevoix County average of 0.992%.
What is the average home price in Boyne City?
The median owner-occupied home value in Boyne City, Michigan is $233,900, against $242,800 across Charlevoix County.
Is it cheaper to rent or buy in Boyne City?
Median gross rent in Boyne City is $893 a month, against $1,991 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 Boyne City — 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.