Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Glen Arbor

Learn about the people, housing, costs and businesses in Glen Arbor, Michigan

Median Home$689,400
Median Rent$1,075/month
Population288
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality6% education
Home Value Growth⬆⬆⬆+24.7% over 2 years
Retirees55% of residentstop 1% nationally
Homeowners89% of occupied units
NotableHighly Educated40% bachelor's · 23% graduate · top 1% nationally
NotableTransit89/100 · excellent transit access
Glen Arbor
MI

Frequently Asked Questions

What are today's mortgage rates in Glen Arbor?

As of today, the 30-year fixed mortgage rate for Glen Arbor is approximately 7.046% (7.087% 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 Glen Arbor
What is the median home price in Glen Arbor?

The median home value in Glen Arbor is $689k. The median monthly rent is $1,075. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glen Arbor?

Home values in Glen Arbor have increased 24.7% 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 Glen Arbor?

Based on a typical all-in ownership cost of $1,182/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Glen Arbor is $108k/year.

Calculate your buying power
What industries drive the economy in Glen Arbor?

The largest employment sectors in Glen Arbor are public administration (19%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.