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Bruce Crossing

Learn about the people, housing, costs and businesses in Bruce Crossing, Michigan

Median Home$117,000
Median Rent$600/month
Population172
Leading IndustriesPublic Administration · Manufacturing · Professional Services30% public administration
Home Value Growth⬆⬆+17.9% over 2 years
Young Adults41% of residentstop 2% nationally
Homeowners93% of occupied units
NotableAffordable Market$117k median home · lower cost than 86% of the country
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Bruce Crossing
MI

Frequently Asked Questions

What are today's mortgage rates in Bruce Crossing?

As of today, the 30-year fixed mortgage rate for Bruce Crossing is approximately 6.873% (6.908% 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 Bruce Crossing?

The median home value in Bruce Crossing is $117k. The median monthly rent is $600. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bruce Crossing?

Home values in Bruce Crossing have increased 17.9% 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 Bruce Crossing?

Based on a typical all-in ownership cost of $571/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bruce Crossing is $52k/year.

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What industries drive the economy in Bruce Crossing?

The largest employment sectors in Bruce Crossing are public administration (30%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.