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Croswell-Lexington Community

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

Median Home$182,312
Median Rent$804/month
Population14,558
Leading IndustriesRetail · Wholesale Trade · Construction21% retail
Home Value Growth⬆⬆⬆+25.7% over 2 years
Retirees32% of residentstop 2% nationally
Homeowners86% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
NotableAffordable Market$182k median home · lower cost than 69% of the country
Croswell-Lexington Community
MI

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Frequently Asked Questions

What are today's mortgage rates in Croswell-Lexington Community?

As of today, the 30-year fixed mortgage rate for Croswell-Lexington Community is approximately 7.038% (7.079% 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-Lexington Community?

The median home value in Croswell-Lexington Community is $182k. The median monthly rent is $804. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Croswell-Lexington Community?

Home values in Croswell-Lexington Community have increased 25.7% 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-Lexington Community?

Based on a typical all-in ownership cost of $790/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Croswell-Lexington Community is $60k/year.

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What industries drive the economy in Croswell-Lexington Community?

The largest employment sectors in Croswell-Lexington Community are retail (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.