Total monthly cost of ownership
Cost to Own a Home in Hemlock, Michigan
A $171,000 home here costs
$1,562per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $879. The real number is $683 higher every month — 78% 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.
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 $198 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
Common questions
How much does it cost to own a home in Hemlock?
A $171,000 home in Hemlock, Michigan costs approximately $1,562 per month with 20% down at 6.66%. That is $879 principal and interest, $210 property tax, $64 homeowners insurance, $266 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 $1,562 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 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.