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Frankenmuth

Learn about the people, housing, costs and businesses in Frankenmuth, Michigan

Median Home$308,956
Median Rent$1,039/month
Population5,266
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare5% education
Home Value Growth+10.2% over 2 years
Retirees45% of residentstop 1% nationally
Homeowners76% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableHighly Educated29% bachelor's · 14% graduate · top 10% nationally
Frankenmuth
MI

Frequently Asked Questions

What are today's mortgage rates in Frankenmuth?

As of today, the 30-year fixed mortgage rate for Frankenmuth is approximately 6.908% (6.944% 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 Frankenmuth?

The median home value in Frankenmuth is $309k. The median monthly rent is $1,039. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frankenmuth?

Home values in Frankenmuth have increased 10.2% 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 Frankenmuth?

Based on a typical all-in ownership cost of $1,011/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frankenmuth is $94k/year.

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What industries drive the economy in Frankenmuth?

The largest employment sectors in Frankenmuth are public administration (21%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.