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Croswell

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

Median Home$199,400
Median Rent$673/month
Population2,172
Leading IndustriesRetail · Wholesale Trade · Professional Services23% retail
Home Value Growth⬆⬆+13.3% over 2 years
Retirees21% of residentsnear the national average
Homeowners87% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Croswell
MI

Frequently Asked Questions

What are today's mortgage rates in Croswell?

As of today, the 30-year fixed mortgage rate for Croswell is approximately 7.031% (7.075% 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 Croswell?

The median home value in Croswell is $199k. The median monthly rent is $673. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Croswell?

Home values in Croswell have increased 13.3% 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 Croswell?

Based on a typical all-in ownership cost of $955/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 Croswell is $58k/year.

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What industries drive the economy in Croswell?

The largest employment sectors in Croswell are retail (23%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.