Total monthly cost of ownership
Cost to Own a Home in Holland, Michigan
A $236,000 home here costs
$2,020per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $806 higher every month — 66% 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.
Holland against Ottawa County and Michigan
| Measure | Holland | Ottawa County |
|---|---|---|
| Median home value | $235,800 | $291,200 |
| Median property tax | $3,066 | $3,078 |
| Effective tax rate | 1.300% | 1.057% |
| Median gross rent | $1,143 | $1,148 |
| Population | 34,266 | 298,614 |
Holland extends across 2 counties. Figures here use Ottawa County, where most of its housing sits.
The weather behind that power bill
Holland sits in Ottawa County, which averages a high of 80.0°F in its hottest month and a low of 19.3°F in its coldest, with 37.64" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 534 cooling and 6,586 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Ottawa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ottawa County
Full Ottawa County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Holland?
A $236,000 home in Holland, Michigan costs approximately $2,020 per month with 20% down at 6.66%. That is $1,213 principal and interest, $256 property tax, $88 homeowners insurance, $266 utilities and $197 set aside for maintenance.
What is the property tax rate in Holland?
Holland has an effective property tax rate of 1.300%, based on a median home value of $235,800 and median real estate taxes of $3,066. That is higher than the Ottawa County average of 1.057%.
What is the average home price in Holland?
The median owner-occupied home value in Holland, Michigan is $235,800, against $291,200 across Ottawa County.
Is it cheaper to rent or buy in Holland?
Median gross rent in Holland is $1,143 a month, against $2,020 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 Holland — 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.