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Elkton-Pigeon-Bay Port Schools

Learn about the people, housing, costs and businesses in Elkton-Pigeon-Bay Port Schools, Michigan

Median Home$152,979
Median Rent$786/month
Population6,525
Leading IndustriesRetail · Construction · Agriculture & Mining18% retail
Home Value Growth⬆⬆+19.7% over 2 years
Retirees30% of residentstop 3% nationally
Homeowners82% of occupied units
NotableAffordable Market$153k median home · lower cost than 83% of the country
NotableVeteran Community8% of residents · top 27% nationally
Elkton-Pigeon-Bay Port Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Elkton-Pigeon-Bay Port Schools?

As of today, the 30-year fixed mortgage rate for Elkton-Pigeon-Bay Port Schools is approximately 7.089% (7.135% 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 Elkton-Pigeon-Bay Port Schools?

The median home value in Elkton-Pigeon-Bay Port Schools is $153k. The median monthly rent is $786. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elkton-Pigeon-Bay Port Schools?

Home values in Elkton-Pigeon-Bay Port Schools have increased 19.7% 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 Elkton-Pigeon-Bay Port Schools?

Based on a typical all-in ownership cost of $757/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elkton-Pigeon-Bay Port Schools is $62k/year.

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What industries drive the economy in Elkton-Pigeon-Bay Port Schools?

The largest employment sectors in Elkton-Pigeon-Bay Port Schools are public administration (22%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.