Total monthly cost of ownership
Cost to Own a Home in Millington, Michigan
A $118,000 home here costs
$1,130per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $523 higher every month — 86% 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.
Millington against Tuscola County and Michigan
| Measure | Millington | Tuscola County |
|---|---|---|
| Median home value | $117,700 | $136,900 |
| Median property tax | $1,376 | $1,753 |
| Effective tax rate | 1.169% | 1.280% |
| Median gross rent | $908 | $796 |
| Population | 1,151 | 53,071 |
The weather behind that power bill
Millington sits in Tuscola County, which averages a high of 81.9°F in its hottest month and a low of 14.6°F in its coldest, with 34.3" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 536 cooling and 7,120 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Tuscola County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tuscola County
Full Tuscola County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Millington?
A $118,000 home in Millington, Michigan costs approximately $1,130 per month with 20% down at 6.66%. That is $607 principal and interest, $115 property tax, $44 homeowners insurance, $266 utilities and $98 set aside for maintenance.
What is the property tax rate in Millington?
Millington has an effective property tax rate of 1.169%, based on a median home value of $117,700 and median real estate taxes of $1,376. That is lower than the Tuscola County average of 1.280%.
What is the average home price in Millington?
The median owner-occupied home value in Millington, Michigan is $117,700, against $136,900 across Tuscola County.
Is it cheaper to rent or buy in Millington?
Median gross rent in Millington is $908 a month, against $1,130 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 Millington — 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.