Total monthly cost of ownership
Cost to Own a Home in Sand Lake, Michigan
A $139,000 home here costs
$1,263per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $715. The real number is $549 higher every month — 77% 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.
Sand Lake against Iosco County and Michigan
| Measure | Sand Lake | Iosco County |
|---|---|---|
| Median home value | $139,300 | $122,900 |
| Median property tax | $1,383 | $1,304 |
| Effective tax rate | 0.993% | 1.061% |
| Median gross rent | $633 | $659 |
| Population | 1,214 | 25,333 |
The weather behind that power bill
Sand Lake sits in Iosco County, which averages a high of 80.2°F in its hottest month and a low of 12.9°F in its coldest, with 32.27" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 403 cooling and 7,456 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Iosco County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Iosco County
Common questions
How much does it cost to own a home in Sand Lake?
A $139,000 home in Sand Lake, Michigan costs approximately $1,263 per month with 20% down at 6.66%. That is $715 principal and interest, $115 property tax, $52 homeowners insurance, $266 utilities and $116 set aside for maintenance.
What is the property tax rate in Sand Lake?
Sand Lake has an effective property tax rate of 0.993%, based on a median home value of $139,300 and median real estate taxes of $1,383. That is lower than the Iosco County average of 1.061%.
What is the average home price in Sand Lake?
The median owner-occupied home value in Sand Lake, Michigan is $139,300, against $122,900 across Iosco County.
Is it cheaper to rent or buy in Sand Lake?
Median gross rent in Sand Lake is $633 a month, against $1,263 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 Sand Lake — 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.