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Imlay City Community Schools

Learn about the people, housing, costs and businesses in Imlay City Community Schools, Michigan

Median Home$233,078
Median Rent$1,091/month
Population12,159
Leading IndustriesWholesale Trade · Retail14% wholesale trade
Home Value Growth⬆⬆+12.0% over 2 years
Young Adults24% of residents
Homeowners81% of occupied units
Imlay City Community Schools
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Imlay City Community Schools?

As of today, the 30-year fixed mortgage rate for Imlay City Community Schools is approximately 6.994% (7.034% 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 Imlay City Community Schools
What is the median home price in Imlay City Community Schools?

The median home value in Imlay City Community Schools is $233k. The median monthly rent is $1,091. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Imlay City Community Schools?

Home values in Imlay City Community Schools have increased 12.0% 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 Imlay City Community Schools?

Based on a typical all-in ownership cost of $1,046/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Imlay City Community Schools is $76k/year.

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What industries drive the economy in Imlay City Community Schools?

The largest employment sectors in Imlay City Community Schools are retail (26%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.