Total monthly cost of ownership
Cost to Own a Home in Gladstone, Michigan
A $112,000 home here costs
$1,107per 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 $47,500 a year.
A standard mortgage calculator would have told you $611. The real number is $496 higher every month, 81% more than the payment most buyers budget for.
Compare Delta County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Gladstone against Delta County and Michigan
| Measure | Gladstone | Delta County |
|---|---|---|
| Median home value | $111,700 | $146,800 |
| Median property tax | $1,809 | $1,658 |
| Effective tax rate | 1.620% | 1.129% |
| Median gross rent | $793 | $698 |
| Population | 5,240 | 36,829 |
The weather behind that power bill
Gladstone sits in Delta County, which averages a high of 76.7°F in its hottest month and a low of 6.2°F in its coldest, with 31.29" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 218 cooling and 8,555 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Delta County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Delta County
Talk to someone who works this market
These are Gladstone 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 Gladstone every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gladstone I already own here and may sell
Common questions
How much does it cost to own a home in Gladstone?
A $112,000 home in Gladstone, Michigan costs approximately $1,107 per month with 20% down at 7.24%. That is $611 principal and interest, $151 property tax, $42 homeowners insurance, $210 utilities and $93 set aside for maintenance.
What is the property tax rate in Gladstone?
Gladstone has an effective property tax rate of 1.620%, based on a median home value of $111,700 and median real estate taxes of $1,809. That is higher than the Delta County average of 1.129%.
What is the average home price in Gladstone?
The median owner-occupied home value in Gladstone, Michigan is $111,700, against $146,800 across Delta County.
Is it cheaper to rent or buy in Gladstone?
Median gross rent in Gladstone is $793 a month, against $1,107 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 Gladstone?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gladstone, Michigan at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,107 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gladstone, 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.