Total monthly cost of ownership
Cost to Own a Home in Greilickville, Michigan
A $407,000 home here costs
$3,088per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,092. The real number is $996 higher every month — 48% 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.
Greilickville against Leelanau County and Michigan
| Measure | Greilickville | Leelanau County |
|---|---|---|
| Median home value | $407,200 | $406,900 |
| Median property tax | $2,871 | $2,856 |
| Effective tax rate | 0.705% | 0.702% |
| Median gross rent | $1,989 | $1,223 |
| Population | 1,296 | 22,607 |
The weather behind that power bill
Greilickville sits in Leelanau County, which averages a high of 81.3°F in its hottest month and a low of 16.3°F in its coldest, with 29.12" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 534 cooling and 7,104 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Leelanau County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Leelanau County
No other places of this size are published in Leelanau County.
Full Leelanau County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Greilickville?
A $407,000 home in Greilickville, Michigan costs approximately $3,088 per month with 20% down at 6.66%. That is $2,092 principal and interest, $239 property tax, $152 homeowners insurance, $266 utilities and $339 set aside for maintenance.
What is the property tax rate in Greilickville?
Greilickville has an effective property tax rate of 0.705%, based on a median home value of $407,200 and median real estate taxes of $2,871. That is in line with the Leelanau County average of 0.702%.
What is the average home price in Greilickville?
The median owner-occupied home value in Greilickville, Michigan is $407,200, against $406,900 across Leelanau County.
Is it cheaper to rent or buy in Greilickville?
Median gross rent in Greilickville is $1,989 a month, against $3,088 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 Greilickville — 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.