Total monthly cost of ownership
Cost to Own a Home in Scottville, Michigan
A $120,000 home here costs
$1,192per 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 $51,000 a year.
A standard mortgage calculator would have told you $654. The real number is $538 higher every month, 82% more than the payment most buyers budget for.
Compare Mason County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Scottville from a five-year rolling sample, and with about 1,359 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 Mason 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.
Scottville against Mason County and Michigan
| Measure | Scottville | Mason County |
|---|---|---|
| Median home value | $120,400 | $199,300 |
| Median property tax | $2,206 | $2,203 |
| Effective tax rate | 1.832% | 1.105% |
| Median gross rent | $763 | $840 |
| Population | 1,359 | 29,177 |
The weather behind that power bill
Scottville sits in Mason County, which averages a high of 79.7°F in its hottest month and a low of 18.6°F in its coldest, with 36.34" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 493 cooling and 6,848 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Mason County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mason County
Talk to someone who works this market
These are Scottville 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 Scottville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Scottville I already own here and may sell
Common questions
How much does it cost to own a home in Scottville?
A $120,000 home in Scottville, Michigan costs approximately $1,192 per month with 20% down at 7.24%. That is $654 principal and interest, $183 property tax, $45 homeowners insurance, $210 utilities and $100 set aside for maintenance.
What is the property tax rate in Scottville?
Scottville has an effective property tax rate of 1.832%, based on a median home value of $120,400 and median real estate taxes of $2,206. That is higher than the Mason County average of 1.105%.
What is the average home price in Scottville?
The median owner-occupied home value in Scottville, Michigan is $120,400, against $199,300 across Mason County.
Is it cheaper to rent or buy in Scottville?
Median gross rent in Scottville is $763 a month, against $1,192 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 Scottville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Scottville, Michigan at today's rate takes a household income of roughly $51,000 a year. That covers the full $1,192 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Scottville, 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.