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Mount Clemens Community

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

Median Home$296,813
Median Rent$1,413/month
Population93,517
Leading IndustriesManufacturing · Wholesale Trade1% manufacturing
Home Value Growth⬆⬆+16.6% over 2 years
Retirees22% of residentsslightly above average
Homeowners69% of occupied units
Mount Clemens Community
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Mount Clemens Community?

As of today, the 30-year fixed mortgage rate for Mount Clemens Community is approximately 6.962% (7.000% 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 Community?

The median home value in Mount Clemens Community is $297k. The median monthly rent is $1,413. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Clemens Community?

Home values in Mount Clemens Community have increased 16.6% 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 Community?

Based on a typical all-in ownership cost of $1,370/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Clemens Community is $73k/year.

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What industries drive the economy in Mount Clemens Community?

The largest employment sectors in Mount Clemens Community are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.