Total monthly cost of ownership
Cost to Own a Home in East Jordan, Michigan
A $125,000 home here costs
$1,179per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $537 higher every month — 84% 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.
East Jordan against Charlevoix County and Michigan
| Measure | East Jordan | Charlevoix County |
|---|---|---|
| Median home value | $125,100 | $242,800 |
| Median property tax | $1,443 | $2,408 |
| Effective tax rate | 1.153% | 0.992% |
| Median gross rent | $647 | $929 |
| Population | 1,776 | 26,143 |
The weather behind that power bill
East Jordan 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 East Jordan?
A $125,000 home in East Jordan, Michigan costs approximately $1,179 per month with 20% down at 6.66%. That is $643 principal and interest, $120 property tax, $47 homeowners insurance, $266 utilities and $104 set aside for maintenance.
What is the property tax rate in East Jordan?
East Jordan has an effective property tax rate of 1.153%, based on a median home value of $125,100 and median real estate taxes of $1,443. That is higher than the Charlevoix County average of 0.992%.
What is the average home price in East Jordan?
The median owner-occupied home value in East Jordan, Michigan is $125,100, against $242,800 across Charlevoix County.
Is it cheaper to rent or buy in East Jordan?
Median gross rent in East Jordan is $647 a month, against $1,179 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 East Jordan — 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.