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Levering

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

Median Home$187,810
Median Rent$1,020/month
Population181
Leading IndustriesProfessional Services · Wholesale Trade · Retail3% professional services
Home Value Growth⬆⬆⬆+31.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableTransit82/100 · excellent transit access
Levering
MI

Frequently Asked Questions

What are today's mortgage rates in Levering?

As of today, the 30-year fixed mortgage rate for Levering is approximately 7.171% (7.218% 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 Levering?

The median home value in Levering is $188k. The median monthly rent is $1,020. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Levering?

Home values in Levering have increased 31.4% 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 Levering?

Based on a typical all-in ownership cost of $1,011/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Levering is $60k/year.

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What industries drive the economy in Levering?

The largest employment sectors in Levering are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.