Total monthly cost of ownership
Cost to Own a Home in Montague, Michigan
A $185,000 home here costs
$1,698per 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 $73,000 a year.
A standard mortgage calculator would have told you $1,009. The real number is $690 higher every month, 68% more than the payment most buyers budget for.
Compare Muskegon County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Montague from a five-year rolling sample, and with about 2,630 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 Muskegon 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.
Montague against Muskegon County and Michigan
| Measure | Montague | Muskegon County |
|---|---|---|
| Median home value | $184,700 | $180,900 |
| Median property tax | $3,073 | $2,280 |
| Effective tax rate | 1.664% | 1.260% |
| Median gross rent | $735 | $960 |
| Population | 2,630 | 175,378 |
The weather behind that power bill
Montague sits in Muskegon County, which averages a high of 79.3°F in its hottest month and a low of 18.6°F in its coldest, with 35.19" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 400 cooling and 6,941 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Muskegon County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Muskegon County
Full Muskegon County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Montague 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 Montague every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Montague I already own here and may sell
Common questions
How much does it cost to own a home in Montague?
A $185,000 home in Montague, Michigan costs approximately $1,698 per month with 20% down at 7.24%. That is $1,009 principal and interest, $257 property tax, $69 homeowners insurance, $210 utilities and $154 set aside for maintenance.
What is the property tax rate in Montague?
Montague has an effective property tax rate of 1.664%, based on a median home value of $184,700 and median real estate taxes of $3,073. That is higher than the Muskegon County average of 1.260%.
What is the average home price in Montague?
The median owner-occupied home value in Montague, Michigan is $184,700, against $180,900 across Muskegon County.
Is it cheaper to rent or buy in Montague?
Median gross rent in Montague is $735 a month, against $1,698 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 Montague?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Montague, Michigan at today's rate takes a household income of roughly $73,000 a year. That covers the full $1,698 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Montague, 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.