Total monthly cost of ownership
Cost to Own a Home in Fremont, Michigan
A $170,000 home here costs
$1,564per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $874. The real number is $690 higher every month — 79% 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.
Fremont against Newaygo County and Michigan
| Measure | Fremont | Newaygo County |
|---|---|---|
| Median home value | $169,500 | $178,300 |
| Median property tax | $2,619 | $2,052 |
| Effective tax rate | 1.545% | 1.151% |
| Median gross rent | $813 | $882 |
| Population | 4,532 | 50,414 |
The weather behind that power bill
Fremont sits in Newaygo County, which averages a high of 79.7°F in its hottest month and a low of 15.7°F in its coldest, with 37.46" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 390 cooling and 7,190 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Newaygo County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Newaygo County
Full Newaygo County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Fremont?
A $170,000 home in Fremont, Michigan costs approximately $1,564 per month with 20% down at 6.66%. That is $874 principal and interest, $219 property tax, $63 homeowners insurance, $266 utilities and $142 set aside for maintenance.
What is the property tax rate in Fremont?
Fremont has an effective property tax rate of 1.545%, based on a median home value of $169,500 and median real estate taxes of $2,619. That is higher than the Newaygo County average of 1.151%.
What is the average home price in Fremont?
The median owner-occupied home value in Fremont, Michigan is $169,500, against $178,300 across Newaygo County.
Is it cheaper to rent or buy in Fremont?
Median gross rent in Fremont is $813 a month, against $1,564 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 Fremont — 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.