Total monthly cost of ownership
Cost to Own a Home in Rogers City, Michigan
A $94,000 home here costs
$950per 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 $40,500 a year.
A standard mortgage calculator would have told you $512. The real number is $438 higher every month, 85% more than the payment most buyers budget for.
Compare Presque Isle County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Rogers City from a five-year rolling sample, and with about 2,873 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 Presque Isle 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.
Rogers City against Presque Isle County and Michigan
| Measure | Rogers City | Presque Isle County |
|---|---|---|
| Median home value | $93,500 | $135,200 |
| Median property tax | $1,364 | $1,382 |
| Effective tax rate | 1.459% | 1.022% |
| Median gross rent | $620 | $625 |
| Population | 2,873 | 13,142 |
The weather behind that power bill
Rogers City sits in Presque Isle County, which averages a high of 77.1°F in its hottest month and a low of 12.7°F in its coldest, with 31.94" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 336 cooling and 7,877 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Presque Isle County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Presque Isle County
No other places of this size are published in Presque Isle County.
Full Presque Isle County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Rogers City 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 Rogers City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Rogers City I already own here and may sell
Common questions
How much does it cost to own a home in Rogers City?
A $94,000 home in Rogers City, Michigan costs approximately $950 per month with 20% down at 7.24%. That is $512 principal and interest, $114 property tax, $35 homeowners insurance, $210 utilities and $78 set aside for maintenance.
What is the property tax rate in Rogers City?
Rogers City has an effective property tax rate of 1.459%, based on a median home value of $93,500 and median real estate taxes of $1,364. That is higher than the Presque Isle County average of 1.022%.
What is the average home price in Rogers City?
The median owner-occupied home value in Rogers City, Michigan is $93,500, against $135,200 across Presque Isle County.
Is it cheaper to rent or buy in Rogers City?
Median gross rent in Rogers City is $620 a month, against $950 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 Rogers City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rogers City, Michigan at today's rate takes a household income of roughly $40,500 a year. That covers the full $950 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rogers City, 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.