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Litchfield Community Schools

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

Median Home$273,074
Median Rent$1,006/month
Population19,901
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation17% arts, food & hospitality
Home Value Growth⬆⬆+19.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners83% of occupied units
NotableHighly Educated28% bachelor's · 17% graduate · top 7% nationally
NotableHigh Incomes$97k/year · top 18% nationally
Litchfield Community Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Litchfield Community Schools?

As of today, the 30-year fixed mortgage rate for Litchfield Community Schools is approximately 6.856% (6.891% 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 Litchfield Community Schools?

The median home value in Litchfield Community Schools is $273k. The median monthly rent is $1,006. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Litchfield Community Schools?

Home values in Litchfield Community Schools have increased 19.0% 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 Litchfield Community Schools?

Based on a typical all-in ownership cost of $1,231/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Litchfield Community Schools is $97k/year.

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What industries drive the economy in Litchfield Community Schools?

The largest employment sectors in Litchfield Community Schools are public administration (20%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.