Total monthly cost of ownership
Cost to Own a Home in Holt, Michigan
A $213,000 home here costs
$1,968per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,095. The real number is $873 higher every month — 80% 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.
Holt against Ingham County and Michigan
| Measure | Holt | Ingham County |
|---|---|---|
| Median home value | $213,200 | $187,500 |
| Median property tax | $4,203 | $3,488 |
| Effective tax rate | 1.971% | 1.860% |
| Median gross rent | $1,323 | $1,058 |
| Population | 25,275 | 282,015 |
The weather behind that power bill
Holt sits in Ingham County, which averages a high of 83.0°F in its hottest month and a low of 17.5°F in its coldest, with 34.32" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 707 cooling and 6,411 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Ingham County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ingham County
Full Ingham County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Holt?
A $213,000 home in Holt, Michigan costs approximately $1,968 per month with 20% down at 6.66%. That is $1,095 principal and interest, $350 property tax, $80 homeowners insurance, $266 utilities and $178 set aside for maintenance.
What is the property tax rate in Holt?
Holt has an effective property tax rate of 1.971%, based on a median home value of $213,200 and median real estate taxes of $4,203. That is higher than the Ingham County average of 1.860%.
What is the average home price in Holt?
The median owner-occupied home value in Holt, Michigan is $213,200, against $187,500 across Ingham County.
Is it cheaper to rent or buy in Holt?
Median gross rent in Holt is $1,323 a month, against $1,968 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 Holt — 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.