Total monthly cost of ownership
Cost to Own a Home in Mason, Michigan
A $195,000 home here costs
$1,839per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,002. The real number is $836 higher every month — 83% 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.
Mason against Ingham County and Michigan
| Measure | Mason | Ingham County |
|---|---|---|
| Median home value | $194,600 | $187,500 |
| Median property tax | $4,015 | $3,488 |
| Effective tax rate | 2.063% | 1.860% |
| Median gross rent | $1,103 | $1,058 |
| Population | 8,239 | 282,015 |
The weather behind that power bill
Mason sits in Ingham County, which averages a high of 83.0°F in its hottest month and a low of 17.5°F in its coldest, with 34.32" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 707 cooling and 6,411 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Ingham County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ingham County
Full Ingham County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Mason?
A $195,000 home in Mason, Michigan costs approximately $1,839 per month with 20% down at 6.66%. That is $1,002 principal and interest, $335 property tax, $73 homeowners insurance, $266 utilities and $163 set aside for maintenance.
What is the property tax rate in Mason?
Mason has an effective property tax rate of 2.063%, based on a median home value of $194,600 and median real estate taxes of $4,015. That is higher than the Ingham County average of 1.860%.
What is the average home price in Mason?
The median owner-occupied home value in Mason, Michigan is $194,600, against $187,500 across Ingham County.
Is it cheaper to rent or buy in Mason?
Median gross rent in Mason is $1,103 a month, against $1,839 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 Mason — 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.