Total monthly cost of ownership
Cost to Own a Home in Crystal Falls, Michigan
A $80,000 home here costs
$891per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $411. The real number is $479 higher every month — 117% 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.
Crystal Falls against Iron County and Michigan
| Measure | Crystal Falls | Iron County |
|---|---|---|
| Median home value | $79,900 | $101,500 |
| Median property tax | $1,401 | $1,459 |
| Effective tax rate | 1.753% | 1.437% |
| Median gross rent | $740 | $510 |
| Population | 1,734 | 11,650 |
The weather behind that power bill
Crystal Falls sits in Iron County, which averages a high of 78.6°F in its hottest month and a low of 0.0°F in its coldest, with 31.35" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 175 cooling and 9,658 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Iron County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Iron County
Common questions
How much does it cost to own a home in Crystal Falls?
A $80,000 home in Crystal Falls, Michigan costs approximately $891 per month with 20% down at 6.66%. That is $411 principal and interest, $117 property tax, $30 homeowners insurance, $266 utilities and $67 set aside for maintenance.
What is the property tax rate in Crystal Falls?
Crystal Falls has an effective property tax rate of 1.753%, based on a median home value of $79,900 and median real estate taxes of $1,401. That is higher than the Iron County average of 1.437%.
What is the average home price in Crystal Falls?
The median owner-occupied home value in Crystal Falls, Michigan is $79,900, against $101,500 across Iron County.
Is it cheaper to rent or buy in Crystal Falls?
Median gross rent in Crystal Falls is $740 a month, against $891 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 Crystal Falls — 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.