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Pilgrim

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

Median Home$350,156
Median Rent$928/month
Population41
Leading IndustryRetail24% of local workforce
Home Value Growth⬆⬆⬆+21.9% over 2 years
Young Adults33% of residentswell above average
Homeowners74% of occupied units
NotableTransit92/100 · excellent transit access
NotableAmenity Score81/100 · highly walkable area
Pilgrim
MI

Frequently Asked Questions

What are today's mortgage rates in Pilgrim?

As of today, the 30-year fixed mortgage rate for Pilgrim is approximately 7.067% (7.109% 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 Pilgrim?

The median home value in Pilgrim is $350k. The median monthly rent is $928. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pilgrim?

Home values in Pilgrim have increased 21.9% 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 Pilgrim?

Based on a typical all-in ownership cost of $976/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pilgrim is $69k/year.

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What industries drive the economy in Pilgrim?

The largest employment sectors in Pilgrim are retail (24%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.