Cost to Own
United StatesMichiganLenawee CountyClinton Population 2,795 Data vintage ACS 2023 5-Year Rates updated 2026-07-30

Total monthly cost of ownership

Cost to Own a Home in Clinton, Michigan

A $180,000 home here costs

$1,628

per month, all in — with 20% down at today's 6.66% 30-year fixed rate.

A standard mortgage calculator would have told you $925. The real number is $703 higher every month — 76% more than the payment most buyers budget for.

Clinton median: $180,400
Under 20% adds PMI
Freddie Mac PMMS
US average household

Where every dollar goes

Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.

Principal & interest30-year fixed, $144,000 borrowed $925
Property tax1.464% effective rate for Clinton itself $220
Homeowners insuranceMichigan averages $993/yr (NAIC), or 0.448% of home value $67
Electricity22.01¢/kWh — Michigan residential average, EIA $198
Water, sewer & trashUS household average $68
Maintenance reserve1% of home value per year $150
Total monthly $1,628

Clinton against Lenawee County and Michigan

MeasureClintonLenawee County
Median home value$180,400$181,100
Median property tax$2,641$2,412
Effective tax rate1.464%1.332%
Median gross rent$868$965
Population2,79598,823

The weather behind that power bill

Clinton 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 Clinton?

A $180,000 home in Clinton, Michigan costs approximately $1,628 per month with 20% down at 6.66%. That is $925 principal and interest, $220 property tax, $67 homeowners insurance, $266 utilities and $150 set aside for maintenance.

What is the property tax rate in Clinton?

Clinton has an effective property tax rate of 1.464%, based on a median home value of $180,400 and median real estate taxes of $2,641. That is higher than the Lenawee County average of 1.332%.

What is the average home price in Clinton?

The median owner-occupied home value in Clinton, Michigan is $180,400, against $181,100 across Lenawee County.

Is it cheaper to rent or buy in Clinton?

Median gross rent in Clinton is $868 a month, against $1,628 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 Clinton — 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.

Full methodology