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Boyne

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

Median Home$248,880
Median Rent$1,037/month
Population3,807
Leading IndustriesRetail · Education16% retail
Home Value Growth+5.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners72% of occupied units
NotableAmenity Score72/100 · highly walkable area
Boyne City
MI

Frequently Asked Questions

What are today's mortgage rates in Boyne?

As of today, the 30-year fixed mortgage rate for Boyne is approximately 6.855% (6.890% 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 Boyne?

The median home value in Boyne is $249k. The median monthly rent is $1,037. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Boyne?

Home values in Boyne have increased 5.8% over the past two years. This represents moderate growth. 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 Boyne?

Based on a typical all-in ownership cost of $1,071/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Boyne is $66k/year.

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What industries drive the economy in Boyne?

The largest employment sectors in Boyne are public administration (20%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.