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East Jordan

Learn about the people, housing, costs and businesses in East Jordan, Michigan

Median Home$242,804
Median Rent$1,066/month
Population6,482
Leading IndustriesRetail · Wholesale Trade · Education24% retail
Home Value Growth⬆⬆⬆+30.0% over 2 years
Retirees26% of residentswell above average
Homeowners86% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
East Jordan
MI

Frequently Asked Questions

What are today's mortgage rates in East Jordan?

As of today, the 30-year fixed mortgage rate for East Jordan is approximately 6.972% (7.011% 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 East Jordan?

The median home value in East Jordan is $243k. The median monthly rent is $1,066. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Jordan?

Home values in East Jordan have increased 30.0% 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 East Jordan?

Based on a typical all-in ownership cost of $964/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 East Jordan is $77k/year.

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What industries drive the economy in East Jordan?

The largest employment sectors in East Jordan are retail (24%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.