Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Climax

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

Median Home$205,000
Median Rent$873/month
Population723
Leading IndustriesProfessional Services · Transportation · Healthcare5% professional services
Home Value Growth+10.8% over 2 years
Young Adults33% of residentswell above average
Homeowners89% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Climax
MI

Frequently Asked Questions

What are today's mortgage rates in Climax?

As of today, the 30-year fixed mortgage rate for Climax is approximately 7.062% (7.104% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Climax
What is the median home price in Climax?

The median home value in Climax is $205k. The median monthly rent is $873. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Climax?

Home values in Climax have increased 10.8% 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 Climax?

Based on a typical all-in ownership cost of $960/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Climax is $76k/year.

Calculate your buying power
What industries drive the economy in Climax?

The largest employment sectors in Climax are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.