Total monthly cost of ownership
Cost to Own a Home in Manton, Michigan
A $115,000 home here costs
$1,139per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $548 higher every month — 93% 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.
Manton against Wexford County and Michigan
| Measure | Manton | Wexford County |
|---|---|---|
| Median home value | $115,200 | $160,300 |
| Median property tax | $1,724 | $1,868 |
| Effective tax rate | 1.497% | 1.165% |
| Median gross rent | $775 | $877 |
| Population | 1,347 | 33,868 |
The weather behind that power bill
Manton sits in Wexford County, which averages a high of 79.8°F in its hottest month and a low of 12.2°F in its coldest, with 35.16" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 401 cooling and 7,852 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Wexford County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wexford County
Full Wexford County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Manton?
A $115,000 home in Manton, Michigan costs approximately $1,139 per month with 20% down at 6.66%. That is $591 principal and interest, $143 property tax, $43 homeowners insurance, $266 utilities and $96 set aside for maintenance.
What is the property tax rate in Manton?
Manton has an effective property tax rate of 1.497%, based on a median home value of $115,200 and median real estate taxes of $1,724. That is higher than the Wexford County average of 1.165%.
What is the average home price in Manton?
The median owner-occupied home value in Manton, Michigan is $115,200, against $160,300 across Wexford County.
Is it cheaper to rent or buy in Manton?
Median gross rent in Manton is $775 a month, against $1,139 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 Manton — 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.