Total monthly cost of ownership
Cost to Own a Home in Onsted, Michigan
A $167,000 home here costs
$1,505per 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 $64,500 a year.
A standard mortgage calculator would have told you $910. The real number is $595 higher every month, 65% more than the payment most buyers budget for.
Compare Lenawee County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Onsted from a five-year rolling sample, and with about 1,283 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 Lenawee 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.
Onsted against Lenawee County and Michigan
| Measure | Onsted | Lenawee County |
|---|---|---|
| Median home value | $166,500 | $181,100 |
| Median property tax | $2,190 | $2,412 |
| Effective tax rate | 1.315% | 1.332% |
| Median gross rent | $811 | $965 |
| Population | 1,283 | 98,823 |
The weather behind that power bill
Onsted sits in Lenawee County, which averages a high of 83.5°F in its hottest month and a low of 17.3°F in its coldest, with 29.95" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 695 cooling and 6,383 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Lenawee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lenawee County
Full Lenawee County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Onsted 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 Onsted every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Onsted I already own here and may sell
Common questions
How much does it cost to own a home in Onsted?
A $167,000 home in Onsted, Michigan costs approximately $1,505 per month with 20% down at 7.24%. That is $910 principal and interest, $183 property tax, $62 homeowners insurance, $210 utilities and $139 set aside for maintenance.
What is the property tax rate in Onsted?
Onsted has an effective property tax rate of 1.315%, based on a median home value of $166,500 and median real estate taxes of $2,190. That is lower than the Lenawee County average of 1.332%.
What is the average home price in Onsted?
The median owner-occupied home value in Onsted, Michigan is $166,500, against $181,100 across Lenawee County.
Is it cheaper to rent or buy in Onsted?
Median gross rent in Onsted is $811 a month, against $1,505 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 Onsted?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Onsted, Michigan at today's rate takes a household income of roughly $64,500 a year. That covers the full $1,505 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Onsted, 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.