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Cement

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

Median Home$245,753
Median Rent$1,089/month
Population419
Leading IndustriesConstruction · Agriculture & Mining · Healthcare6% construction
Home Value Growth+4.4% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners90% of occupied units
Cement City
MI

Frequently Asked Questions

What are today's mortgage rates in Cement?

As of today, the 30-year fixed mortgage rate for Cement is approximately 6.911% (6.948% 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 Cement?

The median home value in Cement is $246k. The median monthly rent is $1,089. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cement?

Home values in Cement have increased 4.4% 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 Cement?

Based on a typical all-in ownership cost of $1,170/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cement is $74k/year.

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What industries drive the economy in Cement?

The largest employment sectors in Cement are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.