Total monthly cost of ownership
Cost to Own a Home in Level Park-Oak Park, Michigan
A $128,000 home here costs
$1,209per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $52,000 a year.
A standard mortgage calculator would have told you $698. The real number is $512 higher every month, 73% more than the payment most buyers budget for.
Compare Calhoun County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Level Park-Oak Park from a five-year rolling sample, and with about 3,367 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Calhoun County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Level Park-Oak Park against Calhoun County and Michigan
| Measure | Level Park-Oak Park | Calhoun County |
|---|---|---|
| Median home value | $128,100 | $151,500 |
| Median property tax | $1,766 | $2,269 |
| Effective tax rate | 1.379% | 1.498% |
| Median gross rent | $763 | $937 |
| Population | 3,367 | 133,846 |
The weather behind that power bill
Level Park-Oak Park sits in Calhoun County, which averages a high of 83.0°F in its hottest month and a low of 17.3°F in its coldest, with 31.52" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 715 cooling and 6,409 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Calhoun County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calhoun County
Full Calhoun County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Level Park-Oak Park averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Level Park-Oak Park every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Level Park-Oak Park I already own here and may sell
Common questions
How much does it cost to own a home in Level Park-Oak Park?
A $128,000 home in Level Park-Oak Park, Michigan costs approximately $1,209 per month with 20% down at 7.24%. That is $698 principal and interest, $147 property tax, $48 homeowners insurance, $210 utilities and $107 set aside for maintenance.
What is the property tax rate in Level Park-Oak Park?
Level Park-Oak Park has an effective property tax rate of 1.379%, based on a median home value of $128,100 and median real estate taxes of $1,766. That is lower than the Calhoun County average of 1.498%.
What is the average home price in Level Park-Oak Park?
The median owner-occupied home value in Level Park-Oak Park, Michigan is $128,100, against $151,500 across Calhoun County.
Is it cheaper to rent or buy in Level Park-Oak Park?
Median gross rent in Level Park-Oak Park is $763 a month, against $1,209 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Level Park-Oak Park?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Level Park-Oak Park, Michigan at today's rate takes a household income of roughly $52,000 a year. That covers the full $1,209 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Level Park-Oak Park, 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.