Total monthly cost of ownership
Cost to Own a Home in Fennville, Michigan
A $129,000 home here costs
$1,272per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $663. The real number is $608 higher every month — 92% 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.
Fennville against Allegan County and Michigan
| Measure | Fennville | Allegan County |
|---|---|---|
| Median home value | $128,900 | $247,000 |
| Median property tax | $2,241 | $2,799 |
| Effective tax rate | 1.739% | 1.133% |
| Median gross rent | $791 | $1,065 |
| Population | 1,880 | 120,913 |
The weather behind that power bill
Fennville sits in Allegan County, which averages a high of 80.0°F in its hottest month and a low of 22.1°F in its coldest, with 37.22" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 738 cooling and 5,879 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Allegan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Allegan County
Full Allegan County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Fennville?
A $129,000 home in Fennville, Michigan costs approximately $1,272 per month with 20% down at 6.66%. That is $663 principal and interest, $187 property tax, $48 homeowners insurance, $266 utilities and $108 set aside for maintenance.
What is the property tax rate in Fennville?
Fennville has an effective property tax rate of 1.739%, based on a median home value of $128,900 and median real estate taxes of $2,241. That is higher than the Allegan County average of 1.133%.
What is the average home price in Fennville?
The median owner-occupied home value in Fennville, Michigan is $128,900, against $247,000 across Allegan County.
Is it cheaper to rent or buy in Fennville?
Median gross rent in Fennville is $791 a month, against $1,272 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 Fennville — 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.