Total monthly cost of ownership
Cost to Own a Home in Harrison, Michigan
A $115,000 home here costs
$1,118per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $527 higher every month — 89% 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.
Harrison against Clare County and Michigan
| Measure | Harrison | Clare County |
|---|---|---|
| Median home value | $115,100 | $117,400 |
| Median property tax | $1,469 | $1,387 |
| Effective tax rate | 1.276% | 1.181% |
| Median gross rent | $568 | $743 |
| Population | 2,275 | 31,109 |
The weather behind that power bill
Harrison sits in Clare County, which averages a high of 82.0°F in its hottest month and a low of 12.5°F in its coldest, with 34.02" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 428 cooling and 7,425 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Clare County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clare County
Common questions
How much does it cost to own a home in Harrison?
A $115,000 home in Harrison, Michigan costs approximately $1,118 per month with 20% down at 6.66%. That is $591 principal and interest, $122 property tax, $43 homeowners insurance, $266 utilities and $96 set aside for maintenance.
What is the property tax rate in Harrison?
Harrison has an effective property tax rate of 1.276%, based on a median home value of $115,100 and median real estate taxes of $1,469. That is higher than the Clare County average of 1.181%.
What is the average home price in Harrison?
The median owner-occupied home value in Harrison, Michigan is $115,100, against $117,400 across Clare County.
Is it cheaper to rent or buy in Harrison?
Median gross rent in Harrison is $568 a month, against $1,118 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 Harrison — 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.