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Gagetown

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

Median Home$118,600
Median Rent$779/month
Population315
Leading IndustriesManufacturing · Information & Media · Agriculture & Mining5% manufacturing
Home Value Growth+8.7% over 2 years
Young Adults26% of residents
Homeowners82% of occupied units
NotableAffordable Market$119k median home · lower cost than 85% of the country
Gagetown
MI

Frequently Asked Questions

What are today's mortgage rates in Gagetown?

As of today, the 30-year fixed mortgage rate for Gagetown is approximately 6.953% (6.994% 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 Gagetown?

The median home value in Gagetown is $119k. The median monthly rent is $779. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gagetown?

Home values in Gagetown have increased 8.7% over the past two years. This represents moderate growth. 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 Gagetown?

Based on a typical all-in ownership cost of $701/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gagetown is $62k/year.

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What industries drive the economy in Gagetown?

The largest employment sectors in Gagetown are public administration (25%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.