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Peck

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

Median Home$163,100
Median Rent$823/month
Population566
Leading IndustriesManufacturing · Agriculture & Mining · Education7% manufacturing
Home Value Growth⬆⬆+20.0% over 2 years
Young Adults28% of residentsnear the national average
Homeowners88% of occupied units
NotableAffordable Market$163k median home · lower cost than 68% of the country
Peck
MI

Frequently Asked Questions

What are today's mortgage rates in Peck?

As of today, the 30-year fixed mortgage rate for Peck is approximately 6.995% (7.038% 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 Peck?

The median home value in Peck is $163k. The median monthly rent is $823. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Peck?

Home values in Peck have increased 20.0% 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 Peck?

Based on a typical all-in ownership cost of $762/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Peck is $58k/year.

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What industries drive the economy in Peck?

The largest employment sectors in Peck are public administration (21%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.