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Marenisco

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

Median Home$195,800
Median Rent$635/month
Population172
Leading IndustriesProfessional Services · Transportation · Education3% professional services
Home Value Growth⬆⬆+17.8% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners94% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Marenisco
MI

Frequently Asked Questions

What are today's mortgage rates in Marenisco?

As of today, the 30-year fixed mortgage rate for Marenisco is approximately 6.974% (7.013% 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 Marenisco?

The median home value in Marenisco is $196k. The median monthly rent is $635. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marenisco?

Home values in Marenisco have increased 17.8% 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 Marenisco?

Based on a typical all-in ownership cost of $754/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marenisco is $63k/year.

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What industries drive the economy in Marenisco?

The largest employment sectors in Marenisco are public administration (18%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.