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Honor

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

Median Home$319,000
Median Rent$954/month
Population334
Leading IndustriesWholesale Trade · Healthcare · Public Administration11% wholesale trade
Home Value Growth⬆⬆⬆+24.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners93% of occupied units
NotableTransit80/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Honor
MI

Frequently Asked Questions

What are today's mortgage rates in Honor?

As of today, the 30-year fixed mortgage rate for Honor is approximately 6.954% (6.992% 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 Honor?

The median home value in Honor is $319k. The median monthly rent is $954. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Honor?

Home values in Honor have increased 24.5% 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 Honor?

Based on a typical all-in ownership cost of $947/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Honor is $77k/year.

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What industries drive the economy in Honor?

The largest employment sectors in Honor are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.