Total monthly cost of ownership
Cost to Own a Home in Mancelona, Michigan
A $124,000 home here costs
$1,172per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $637. The real number is $535 higher every month — 84% 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.
Mancelona against Antrim County and Michigan
| Measure | Mancelona | Antrim County |
|---|---|---|
| Median home value | $123,900 | $222,500 |
| Median property tax | $1,430 | $2,033 |
| Effective tax rate | 1.154% | 0.914% |
| Median gross rent | $956 | $920 |
| Population | 1,496 | 23,876 |
The weather behind that power bill
Mancelona sits in Antrim County, which averages a high of 82.6°F in its hottest month and a low of 14.2°F in its coldest, with 32.84" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 436 cooling and 7,202 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Antrim County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Antrim County
Full Antrim County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Mancelona?
A $124,000 home in Mancelona, Michigan costs approximately $1,172 per month with 20% down at 6.66%. That is $637 principal and interest, $119 property tax, $46 homeowners insurance, $266 utilities and $103 set aside for maintenance.
What is the property tax rate in Mancelona?
Mancelona has an effective property tax rate of 1.154%, based on a median home value of $123,900 and median real estate taxes of $1,430. That is higher than the Antrim County average of 0.914%.
What is the average home price in Mancelona?
The median owner-occupied home value in Mancelona, Michigan is $123,900, against $222,500 across Antrim County.
Is it cheaper to rent or buy in Mancelona?
Median gross rent in Mancelona is $956 a month, against $1,172 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 Mancelona — 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.