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Harbor Beach

Learn about the people, housing, costs and businesses in Harbor Beach, Michigan

Median Home$151,500
Median Rent$746/month
Population1,548
Leading IndustriesRetail · Finance & Insurance · Information & Media23% retail
Home Value Growth+7.7% over 2 years
Retirees25% of residentsabove average nationally
Homeowners82% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$152k median home · lower cost than 74% of the country
Harbor Beach
MI

Frequently Asked Questions

What are today's mortgage rates in Harbor Beach?

As of today, the 30-year fixed mortgage rate for Harbor Beach is approximately 6.926% (6.963% 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 Harbor Beach?

The median home value in Harbor Beach is $152k. The median monthly rent is $746. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Harbor Beach?

Home values in Harbor Beach have increased 7.7% 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 Harbor Beach?

Based on a typical all-in ownership cost of $685/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Harbor Beach is $49k/year.

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What industries drive the economy in Harbor Beach?

The largest employment sectors in Harbor Beach are retail (23%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.