Total monthly cost of ownership
Cost to Own a Home in Lamont, Michigan
A $469,000 home here costs
$3,700per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,411. The real number is $1,289 higher every month — 53% 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.
Lamont against Ottawa County and Michigan
| Measure | Lamont | Ottawa County |
|---|---|---|
| Median home value | $469,200 | $291,200 |
| Median property tax | $5,490 | $3,078 |
| Effective tax rate | 1.170% | 1.057% |
| Median gross rent | — | $1,148 |
| Population | 1,078 | 298,614 |
The weather behind that power bill
Lamont 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 Lamont?
A $469,000 home in Lamont, Michigan costs approximately $3,700 per month with 20% down at 6.66%. That is $2,411 principal and interest, $457 property tax, $175 homeowners insurance, $266 utilities and $391 set aside for maintenance.
What is the property tax rate in Lamont?
Lamont has an effective property tax rate of 1.170%, based on a median home value of $469,200 and median real estate taxes of $5,490. That is higher than the Ottawa County average of 1.057%.
What is the average home price in Lamont?
The median owner-occupied home value in Lamont, Michigan is $469,200, against $291,200 across Ottawa County.
Is it cheaper to rent or buy in Lamont?
Rent data is not published for Lamont at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lamont — 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.