Total monthly cost of ownership
Cost to Own a Home in Swartz Creek, Michigan
A $169,000 home here costs
$1,552per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $66,500 a year.
A standard mortgage calculator would have told you $936. The real number is $616 higher every month, 66% more than the payment most buyers budget for.
Compare Genesee County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Swartz Creek against Genesee County and Michigan
| Measure | Swartz Creek | Genesee County |
|---|---|---|
| Median home value | $168,900 | $172,900 |
| Median property tax | $2,415 | $2,417 |
| Effective tax rate | 1.430% | 1.398% |
| Median gross rent | $995 | $936 |
| Population | 5,856 | 404,087 |
The weather behind that power bill
Swartz Creek sits in Genesee County, which averages a high of 82.1°F in its hottest month and a low of 16.0°F in its coldest, with 31.97" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 565 cooling and 6,851 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Genesee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Genesee County
Full Genesee County cost breakdown · Every county in Michigan
Talk to someone who works this market
These are Swartz Creek 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 Swartz Creek every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Swartz Creek I already own here and may sell
Common questions
How much does it cost to own a home in Swartz Creek?
A $169,000 home in Swartz Creek, Michigan costs approximately $1,552 per month with 20% down at 7.4%. That is $936 principal and interest, $201 property tax, $63 homeowners insurance, $210 utilities and $141 set aside for maintenance.
What is the property tax rate in Swartz Creek?
Swartz Creek has an effective property tax rate of 1.430%, based on a median home value of $168,900 and median real estate taxes of $2,415. That is higher than the Genesee County average of 1.398%.
What is the average home price in Swartz Creek?
The median owner-occupied home value in Swartz Creek, Michigan is $168,900, against $172,900 across Genesee County.
Is it cheaper to rent or buy in Swartz Creek?
Median gross rent in Swartz Creek is $995 a month, against $1,552 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 Swartz Creek?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Swartz Creek, Michigan at today's rate takes a household income of roughly $66,500 a year. That covers the full $1,552 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Swartz Creek, 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.