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Augusta

Learn about the people, housing, costs and businesses in Augusta, Michigan

Median Home$357,909
Median Rent$628/month
Population863
Leading IndustriesManufacturing · Agriculture & Mining · Education1% manufacturing
Home Value Growth⬆⬆⬆+22.9% over 2 years
Retirees21% of residentsnear the national average
Homeowners83% of occupied units
NotableHighly Educated27% bachelor's · 12% graduate · top 14% nationally
NotableHigh Incomes$101k/year · top 17% nationally
Augusta
MI

Frequently Asked Questions

What are today's mortgage rates in Augusta?

As of today, the 30-year fixed mortgage rate for Augusta is approximately 7.046% (7.087% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Augusta?

The median home value in Augusta is $358k. The median monthly rent is $628. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Augusta?

Home values in Augusta have increased 22.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Augusta?

Based on a typical all-in ownership cost of $1,261/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Augusta is $101k/year.

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What industries drive the economy in Augusta?

The largest employment sectors in Augusta are public administration (21%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.