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Paw Paw

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

Median Home$190,870
Median Rent$905/month
Population3,457
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality7% education
Home Value Growth⬆⬆+16.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners63% of occupied units
NotableHighly Educated28% bachelor's · 17% graduate · top 12% nationally
NotableAmenity Score69/100 · highly walkable area
Paw Paw
MI

Frequently Asked Questions

What are today's mortgage rates in Paw Paw?

As of today, the 30-year fixed mortgage rate for Paw Paw is approximately 6.991% (7.030% 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 Paw Paw?

The median home value in Paw Paw is $191k. The median monthly rent is $905. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paw Paw?

Home values in Paw Paw have increased 16.5% 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 Paw Paw?

Based on a typical all-in ownership cost of $1,060/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 Paw Paw is $55k/year.

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What industries drive the economy in Paw Paw?

The largest employment sectors in Paw Paw are healthcare (18%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.