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Mount Clemens

Learn about the people, housing, costs and businesses in Mount Clemens, Michigan

Median Home$180,480
Median Rent$846/month
Population15,511
Leading IndustriesRetail · Finance & Insurance · Information & Media17% retail
Home Value Growth⬆⬆⬆+21.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners59% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Mount Clemens
MI

Frequently Asked Questions

What are today's mortgage rates in Mount Clemens?

As of today, the 30-year fixed mortgage rate for Mount Clemens is approximately 6.989% (7.032% 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 Mount Clemens?

The median home value in Mount Clemens is $180k. The median monthly rent is $846. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Clemens?

Home values in Mount Clemens have increased 21.4% 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 Mount Clemens?

Based on a typical all-in ownership cost of $965/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Clemens is $55k/year.

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What industries drive the economy in Mount Clemens?

The largest employment sectors in Mount Clemens are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.