Total monthly cost of ownership
Cost to Own a Home in St. Ignace, Michigan
A $128,000 home here costs
$1,265per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $658. The real number is $607 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.
St. Ignace against Mackinac County and Michigan
| Measure | St. Ignace | Mackinac County |
|---|---|---|
| Median home value | $127,800 | $165,600 |
| Median property tax | $2,239 | $1,719 |
| Effective tax rate | 1.752% | 1.038% |
| Median gross rent | $620 | $761 |
| Population | 2,409 | 10,865 |
The weather behind that power bill
St. Ignace sits in Mackinac County, which averages a high of 79.3°F in its hottest month and a low of 7.3°F in its coldest, with 30.01" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 254 cooling and 8,391 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Mackinac County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mackinac County
No other places of this size are published in Mackinac County.
Full Mackinac County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in St. Ignace?
A $128,000 home in St. Ignace, Michigan costs approximately $1,265 per month with 20% down at 6.66%. That is $658 principal and interest, $187 property tax, $48 homeowners insurance, $266 utilities and $107 set aside for maintenance.
What is the property tax rate in St. Ignace?
St. Ignace has an effective property tax rate of 1.752%, based on a median home value of $127,800 and median real estate taxes of $2,239. That is higher than the Mackinac County average of 1.038%.
What is the average home price in St. Ignace?
The median owner-occupied home value in St. Ignace, Michigan is $127,800, against $165,600 across Mackinac County.
Is it cheaper to rent or buy in St. Ignace?
Median gross rent in St. Ignace is $620 a month, against $1,265 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 St. Ignace — 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.