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North Branch

Learn about the people, housing, costs and businesses in North Branch, Michigan

Median Home$227,900
Median Rent$749/month
Population1,089
Leading IndustriesWholesale Trade · Education12% wholesale trade
Home Value Growth⬆⬆+12.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners90% of occupied units
North Branch
MI

Frequently Asked Questions

What are today's mortgage rates in North Branch?

As of today, the 30-year fixed mortgage rate for North Branch is approximately 6.870% (6.905% 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 North Branch?

The median home value in North Branch is $228k. The median monthly rent is $749. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Branch?

Home values in North Branch have increased 12.0% 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 North Branch?

Based on a typical all-in ownership cost of $1,052/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in North Branch is $78k/year.

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What industries drive the economy in North Branch?

The largest employment sectors in North Branch are wholesale trade (12%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.