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Excelsior Township School District 1

Learn about the people, housing, costs and businesses in Excelsior Township School District 1, Michigan

Median Home$183,200
Median Rent$850/month
Population349
Leading IndustriesRetail · Agriculture & Mining · Professional Services18% retail
Home Value Growth-2.6% over 2 years
Retirees20% of residentsnear the national average
Homeowners93% of occupied units
NotableAffordable Market$183k median home · lower cost than 86% of the country
Excelsior Township School District 1
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Excelsior Township School District 1?

As of today, the 30-year fixed mortgage rate for Excelsior Township School District 1 is approximately 6.950% (6.991% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Excelsior Township School District 1
What is the median home price in Excelsior Township School District 1?

The median home value in Excelsior Township School District 1 is $183k. The median monthly rent is $850. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Excelsior Township School District 1?

Home values in Excelsior Township School District 1 have decreased 2.6% over the past two years. Buyers may find more negotiating room in this market. 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 Excelsior Township School District 1?

Based on a typical all-in ownership cost of $915/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Excelsior Township School District 1 is $62k/year.

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What industries drive the economy in Excelsior Township School District 1?

The largest employment sectors in Excelsior Township School District 1 are public administration (22%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.