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Chums Corner

Learn about the people, housing, costs and businesses in Chums Corner, Michigan

Median Home$324,158
Median Rent$1,534/month
Population1,056
Leading IndustriesArts, Food & Hospitality · Professional Services · Education8% arts, food & hospitality
Home Value Growth⬆⬆+13.1% over 2 years
Young Adults26% of residents
Homeowners80% of occupied units
NotableHighly Educated23% bachelor's · 13% graduate · top 23% nationally
Chums Corner
MI

Frequently Asked Questions

What are today's mortgage rates in Chums Corner?

As of today, the 30-year fixed mortgage rate for Chums Corner is approximately 6.940% (6.978% 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 Chums Corner?

The median home value in Chums Corner is $324k. The median monthly rent is $1,534. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chums Corner?

Home values in Chums Corner have increased 13.1% 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 Chums Corner?

Based on a typical all-in ownership cost of $1,325/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chums Corner is $82k/year.

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What industries drive the economy in Chums Corner?

The largest employment sectors in Chums Corner are public administration (25%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.