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Chesaning

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

Median Home$152,300
Median Rent$690/month
Population2,433
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade10% construction
Home Value Growth⬆⬆+15.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners80% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAmenity Score67/100 · highly walkable area
Chesaning
MI

Frequently Asked Questions

What are today's mortgage rates in Chesaning?

As of today, the 30-year fixed mortgage rate for Chesaning is approximately 6.913% (6.950% 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 Chesaning?

The median home value in Chesaning is $152k. The median monthly rent is $690. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chesaning?

Home values in Chesaning have increased 15.6% 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 Chesaning?

Based on a typical all-in ownership cost of $778/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chesaning is $62k/year.

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What industries drive the economy in Chesaning?

The largest employment sectors in Chesaning are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.