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East Tawas

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

Median Home$152,627
Median Rent$679/month
Population2,609
Leading IndustriesTransportation · Professional Services · Arts, Food & Hospitality5% transportation
Home Value Growth⬆⬆+17.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners74% of occupied units
NotableAmenity Score79/100 · highly walkable area
NotableHighly Educated33% bachelor's · 17% graduate · top 5% nationally
East Tawas
MI

Frequently Asked Questions

What are today's mortgage rates in East Tawas?

As of today, the 30-year fixed mortgage rate for East Tawas is approximately 6.875% (6.910% 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 Tawas?

The median home value in East Tawas is $153k. The median monthly rent is $679. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Tawas?

Home values in East Tawas have increased 17.8% 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 East Tawas?

Based on a typical all-in ownership cost of $656/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Tawas is $53k/year.

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What industries drive the economy in East Tawas?

The largest employment sectors in East Tawas are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.