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Free Soil

Learn about the people, housing, costs and businesses in Free Soil, Michigan

Median Home$198,100
Median Rent$988/month
Population152
Leading IndustriesAgriculture & Mining · Manufacturing · Construction10% agriculture & mining
Home Value Growth⬆⬆⬆+49.9% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners91% of occupied units
Free Soil
MI

Frequently Asked Questions

What are today's mortgage rates in Free Soil?

As of today, the 30-year fixed mortgage rate for Free Soil is approximately 7.070% (7.115% 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 Free Soil?

The median home value in Free Soil is $198k. The median monthly rent is $988. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Free Soil?

Home values in Free Soil have increased 49.9% 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 Free Soil?

Based on a typical all-in ownership cost of $829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Free Soil is $61k/year.

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What industries drive the economy in Free Soil?

The largest employment sectors in Free Soil are public administration (18%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.