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Benzonia

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

Median Home$372,911
Median Rent$989/month
Population614
Leading IndustriesRetail · Public Administration · Professional Services19% retail
Home Value Growth⬆⬆⬆+22.8% over 2 years
Young Adults49% of residentstop 1% nationally
Homeowners89% of occupied units
NotableHighly Educated31% hold a bachelor's degree · top 7% nationally
NotableHigh Incomes$87k/year · top 28% nationally
Benzonia
MI

Frequently Asked Questions

What are today's mortgage rates in Benzonia?

As of today, the 30-year fixed mortgage rate for Benzonia is approximately 6.966% (7.005% 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 Benzonia?

The median home value in Benzonia is $373k. The median monthly rent is $989. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Benzonia?

Home values in Benzonia have increased 22.8% 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 Benzonia?

Based on a typical all-in ownership cost of $1,009/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Benzonia is $87k/year.

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What industries drive the economy in Benzonia?

The largest employment sectors in Benzonia are public administration (30%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.