Total monthly cost of ownership
Cost to Own a Home in Woodland Beach, Michigan
A $159,000 home here costs
$1,452per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $635 higher every month — 78% 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.
Woodland Beach against Monroe County and Michigan
| Measure | Woodland Beach | Monroe County |
|---|---|---|
| Median home value | $159,300 | $215,700 |
| Median property tax | $2,131 | $2,492 |
| Effective tax rate | 1.338% | 1.155% |
| Median gross rent | — | $1,017 |
| Population | 2,509 | 155,001 |
The weather behind that power bill
Woodland Beach sits in Monroe County, which averages a high of 83.7°F in its hottest month and a low of 19.2°F in its coldest, with 34.32" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 847 cooling and 6,067 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Monroe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monroe County
Full Monroe County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Woodland Beach?
A $159,000 home in Woodland Beach, Michigan costs approximately $1,452 per month with 20% down at 6.66%. That is $817 principal and interest, $177 property tax, $59 homeowners insurance, $266 utilities and $133 set aside for maintenance.
What is the property tax rate in Woodland Beach?
Woodland Beach has an effective property tax rate of 1.338%, based on a median home value of $159,300 and median real estate taxes of $2,131. That is higher than the Monroe County average of 1.155%.
What is the average home price in Woodland Beach?
The median owner-occupied home value in Woodland Beach, Michigan is $159,300, against $215,700 across Monroe County.
Is it cheaper to rent or buy in Woodland Beach?
Rent data is not published for Woodland Beach at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Woodland Beach — 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.