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Mackinaw

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

Median Home$202,981
Median Rent$856/month
Population795
Leading IndustriesFinance & Insurance · Retail · Information & Media6% finance & insurance
Home Value Growth⬆⬆⬆+41.8% over 2 years
Young Adults26% of residents
Homeowners84% of occupied units
Mackinaw City
MI

Frequently Asked Questions

What are today's mortgage rates in Mackinaw?

As of today, the 30-year fixed mortgage rate for Mackinaw is approximately 7.072% (7.114% 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 Mackinaw?

The median home value in Mackinaw is $203k. The median monthly rent is $856. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mackinaw?

Home values in Mackinaw have increased 41.8% 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 Mackinaw?

Based on a typical all-in ownership cost of $857/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mackinaw is $55k/year.

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What industries drive the economy in Mackinaw?

The largest employment sectors in Mackinaw are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.