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Pentwater

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

Median Home$289,700
Median Rent$684/month
Population854
Leading IndustriesManufacturing · Agriculture & Mining7% manufacturing
Home Value Growth⬆⬆+11.3% over 2 years
Retirees29% of residentswell above average
Homeowners89% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Pentwater
MI

Frequently Asked Questions

What are today's mortgage rates in Pentwater?

As of today, the 30-year fixed mortgage rate for Pentwater is approximately 6.956% (6.997% 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 Pentwater?

The median home value in Pentwater is $290k. The median monthly rent is $684. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pentwater?

Home values in Pentwater have increased 11.3% 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 Pentwater?

Based on a typical all-in ownership cost of $905/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pentwater is $77k/year.

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What industries drive the economy in Pentwater?

The largest employment sectors in Pentwater are public administration (18%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.