Total monthly cost of ownership
Cost to Own a Home in Mount Morris, Michigan
A $80,000 home here costs
$850per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $36,500 a year.
A standard mortgage calculator would have told you $443. The real number is $407 higher every month, 92% more than the payment most buyers budget for.
Compare Genesee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mount Morris from a five-year rolling sample, and with about 3,130 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 Genesee 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.
Mount Morris against Genesee County and Michigan
| Measure | Mount Morris | Genesee County |
|---|---|---|
| Median home value | $79,500 | $172,900 |
| Median property tax | $1,189 | $2,417 |
| Effective tax rate | 1.496% | 1.398% |
| Median gross rent | $884 | $936 |
| Population | 3,130 | 404,087 |
The weather behind that power bill
Mount Morris sits in Genesee County, which averages a high of 82.1°F in its hottest month and a low of 16.0°F in its coldest, with 31.97" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 565 cooling and 6,851 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Genesee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Genesee County
Full Genesee County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Mount Morris 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 Mount Morris every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mount Morris I already own here and may sell
Common questions
How much does it cost to own a home in Mount Morris?
A $80,000 home in Mount Morris, Michigan costs approximately $850 per month with 20% down at 7.4%. That is $443 principal and interest, $100 property tax, $30 homeowners insurance, $210 utilities and $67 set aside for maintenance.
What is the property tax rate in Mount Morris?
Mount Morris has an effective property tax rate of 1.496%, based on a median home value of $79,500 and median real estate taxes of $1,189. That is higher than the Genesee County average of 1.398%.
What is the average home price in Mount Morris?
The median owner-occupied home value in Mount Morris, Michigan is $79,500, against $172,900 across Genesee County.
Is it cheaper to rent or buy in Mount Morris?
Median gross rent in Mount Morris is $884 a month, against $850 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Mount Morris?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mount Morris, Michigan at today's rate takes a household income of roughly $36,500 a year. That covers the full $850 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mount Morris, 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.