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Ontonagon County

Learn about the people, housing, costs and businesses in Ontonagon County County

Median Home$110,509
Median Rent$560/month
Population5,850
Leading IndustriesManufacturing · Information & Media · Construction2% manufacturing
Home Value Growth⬆⬆⬆+39.3% over 2 years
Retirees38% of residentstop 1% nationally
Homeowners87% of occupied units
NotableVeteran Community14% of residents · top 2% nationally
NotableAffordable Market$111k median home · lower cost than 90% of the country
Ontonagon County
MI

Frequently Asked Questions

What are today's mortgage rates in Ontonagon County?

As of today, the 30-year fixed mortgage rate for Ontonagon County is approximately 7.282% (7.319% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Ontonagon County
What is the median home price in Ontonagon County?

The median home value in Ontonagon County is $111k. The median monthly rent is $560. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ontonagon County?

Home values in Ontonagon County have increased 39.3% 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 Ontonagon County?

Based on a typical all-in ownership cost of $590/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ontonagon County is $54k/year.

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What industries drive the economy in Ontonagon County?

The largest employment sectors in Ontonagon County are public administration (19%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas