Total monthly cost of ownership
Cost to Own a Home in North Branch, Michigan
A $121,000 home here costs
$1,195per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $622. The real number is $573 higher every month — 92% 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.
North Branch against Lapeer County and Michigan
| Measure | North Branch | Lapeer County |
|---|---|---|
| Median home value | $121,400 | $229,100 |
| Median property tax | $1,944 | $2,185 |
| Effective tax rate | 1.601% | 0.954% |
| Median gross rent | $797 | $959 |
| Population | 1,199 | 88,703 |
The weather behind that power bill
North Branch sits in Lapeer County, which averages a high of 82.4°F in its hottest month and a low of 15.1°F in its coldest, with 31.89" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 571 cooling and 6,942 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Lapeer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lapeer County
Full Lapeer County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in North Branch?
A $121,000 home in North Branch, Michigan costs approximately $1,195 per month with 20% down at 6.66%. That is $622 principal and interest, $161 property tax, $45 homeowners insurance, $266 utilities and $101 set aside for maintenance.
What is the property tax rate in North Branch?
North Branch has an effective property tax rate of 1.601%, based on a median home value of $121,400 and median real estate taxes of $1,944. That is higher than the Lapeer County average of 0.954%.
What is the average home price in North Branch?
The median owner-occupied home value in North Branch, Michigan is $121,400, against $229,100 across Lapeer County.
Is it cheaper to rent or buy in North Branch?
Median gross rent in North Branch is $797 a month, against $1,195 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 North Branch — 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.