Total monthly cost of ownership
Cost to Own a Home in Kingsford, Michigan
A $111,000 home here costs
$1,153per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $582 higher every month — 102% 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.
Kingsford against Dickinson County and Michigan
| Measure | Kingsford | Dickinson County |
|---|---|---|
| Median home value | $110,600 | $130,300 |
| Median property tax | $2,179 | $1,917 |
| Effective tax rate | 1.970% | 1.471% |
| Median gross rent | $861 | $744 |
| Population | 5,138 | 25,940 |
The weather behind that power bill
Kingsford sits in Dickinson County, which averages a high of 80.1°F in its hottest month and a low of 5.8°F in its coldest, with 20.75" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 296 cooling and 8,708 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Dickinson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dickinson County
Full Dickinson County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Kingsford?
A $111,000 home in Kingsford, Michigan costs approximately $1,153 per month with 20% down at 6.66%. That is $571 principal and interest, $182 property tax, $41 homeowners insurance, $266 utilities and $93 set aside for maintenance.
What is the property tax rate in Kingsford?
Kingsford has an effective property tax rate of 1.970%, based on a median home value of $110,600 and median real estate taxes of $2,179. That is higher than the Dickinson County average of 1.471%.
What is the average home price in Kingsford?
The median owner-occupied home value in Kingsford, Michigan is $110,600, against $130,300 across Dickinson County.
Is it cheaper to rent or buy in Kingsford?
Median gross rent in Kingsford is $861 a month, against $1,153 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 Kingsford — 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.