Total monthly cost of ownership
Cost to Own a Home in Fowlerville, Michigan
A $189,000 home here costs
$1,672per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $71,500 a year.
A standard mortgage calculator would have told you $1,030. The real number is $642 higher every month, 62% more than the payment most buyers budget for.
Compare Livingston County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fowlerville from a five-year rolling sample, and with about 2,950 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Livingston County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fowlerville against Livingston County and Michigan
| Measure | Fowlerville | Livingston County |
|---|---|---|
| Median home value | $189,000 | $331,100 |
| Median property tax | $2,445 | $3,269 |
| Effective tax rate | 1.294% | 0.987% |
| Median gross rent | $1,008 | $1,236 |
| Population | 2,950 | 195,143 |
The weather behind that power bill
Fowlerville sits in Livingston County, which averages a high of 83.2°F in its hottest month and a low of 14.4°F in its coldest, with 33.13" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 542 cooling and 6,885 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Livingston County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Livingston County
Full Livingston County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Fowlerville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Fowlerville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fowlerville I already own here and may sell
Common questions
How much does it cost to own a home in Fowlerville?
A $189,000 home in Fowlerville, Michigan costs approximately $1,672 per month with 20% down at 7.24%. That is $1,030 principal and interest, $204 property tax, $71 homeowners insurance, $210 utilities and $158 set aside for maintenance.
What is the property tax rate in Fowlerville?
Fowlerville has an effective property tax rate of 1.294%, based on a median home value of $189,000 and median real estate taxes of $2,445. That is higher than the Livingston County average of 0.987%.
What is the average home price in Fowlerville?
The median owner-occupied home value in Fowlerville, Michigan is $189,000, against $331,100 across Livingston County.
Is it cheaper to rent or buy in Fowlerville?
Median gross rent in Fowlerville is $1,008 a month, against $1,672 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Fowlerville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fowlerville, Michigan at today's rate takes a household income of roughly $71,500 a year. That covers the full $1,672 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fowlerville, 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.