Total monthly cost of ownership
Cost to Own a Home in Hemlock, Michigan
A $171,000 home here costs
$1,559per 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 $67,000 a year.
A standard mortgage calculator would have told you $932. The real number is $627 higher every month, 67% more than the payment most buyers budget for.
Compare Saginaw County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hemlock from a five-year rolling sample, and with about 1,323 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 Saginaw 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.
Hemlock against Saginaw County and Michigan
| Measure | Hemlock | Saginaw County |
|---|---|---|
| Median home value | $170,500 | $139,400 |
| Median property tax | $2,518 | $2,190 |
| Effective tax rate | 1.477% | 1.571% |
| Median gross rent | $879 | $921 |
| Population | 1,323 | 189,210 |
The weather behind that power bill
Hemlock sits in Saginaw County, which averages a high of 82.2°F in its hottest month and a low of 16.4°F in its coldest, with 32.12" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 631 cooling and 6,782 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Saginaw County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Saginaw County
Full Saginaw County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Hemlock 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 Hemlock every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hemlock I already own here and may sell
Common questions
How much does it cost to own a home in Hemlock?
A $171,000 home in Hemlock, Michigan costs approximately $1,559 per month with 20% down at 7.24%. That is $932 principal and interest, $210 property tax, $64 homeowners insurance, $210 utilities and $143 set aside for maintenance.
What is the property tax rate in Hemlock?
Hemlock has an effective property tax rate of 1.477%, based on a median home value of $170,500 and median real estate taxes of $2,518. That is lower than the Saginaw County average of 1.571%.
What is the average home price in Hemlock?
The median owner-occupied home value in Hemlock, Michigan is $170,500, against $139,400 across Saginaw County.
Is it cheaper to rent or buy in Hemlock?
Median gross rent in Hemlock is $879 a month, against $1,559 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 Hemlock?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hemlock, Michigan at today's rate takes a household income of roughly $67,000 a year. That covers the full $1,559 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hemlock, 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.