Total monthly cost of ownership
Cost to Own a Home in Lake Linden, Michigan
A $93,000 home here costs
$974per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $496 higher every month — 104% 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.
Lake Linden against Houghton County and Michigan
| Measure | Lake Linden | Houghton County |
|---|---|---|
| Median home value | $93,200 | $140,300 |
| Median property tax | $1,421 | $1,780 |
| Effective tax rate | 1.525% | 1.269% |
| Median gross rent | $498 | $767 |
| Population | 1,042 | 37,428 |
The weather behind that power bill
Lake Linden sits in Houghton County, which averages a high of 74.8°F in its hottest month and a low of 6.7°F in its coldest, with 38.26" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 187 cooling and 9,518 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Houghton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Houghton County
Full Houghton County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Lake Linden?
A $93,000 home in Lake Linden, Michigan costs approximately $974 per month with 20% down at 6.66%. That is $478 principal and interest, $118 property tax, $35 homeowners insurance, $266 utilities and $78 set aside for maintenance.
What is the property tax rate in Lake Linden?
Lake Linden has an effective property tax rate of 1.525%, based on a median home value of $93,200 and median real estate taxes of $1,421. That is higher than the Houghton County average of 1.269%.
What is the average home price in Lake Linden?
The median owner-occupied home value in Lake Linden, Michigan is $93,200, against $140,300 across Houghton County.
Is it cheaper to rent or buy in Lake Linden?
Median gross rent in Lake Linden is $498 a month, against $974 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 Lake Linden — 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.