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Pelkie

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

Median Home$136,700
Median Rent$550/month
Population52
Leading IndustriesFinance & Insurance · Information & Media · Professional Services9% finance & insurance
Home Value Growth+5.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners75% of occupied units
NotableAffordable Market$137k median home · lower cost than 79% of the country
Pelkie
MI

Frequently Asked Questions

What are today's mortgage rates in Pelkie?

As of today, the 30-year fixed mortgage rate for Pelkie is approximately 6.901% (6.937% 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 Pelkie?

The median home value in Pelkie is $137k. The median monthly rent is $550. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pelkie?

Home values in Pelkie have increased 5.3% over the past two years. This represents moderate growth. 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 Pelkie?

Based on a typical all-in ownership cost of $747/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pelkie is $53k/year.

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What industries drive the economy in Pelkie?

The largest employment sectors in Pelkie are public administration (28%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.