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Plainwell

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

Median Home$243,795
Median Rent$943/month
Population3,756
Leading IndustriesTransportation · Retail4% transportation
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults29% of residentsslightly above average
Homeowners82% of occupied units
NotableTransit82/100 · excellent transit access
Plainwell
MI

Frequently Asked Questions

What are today's mortgage rates in Plainwell?

As of today, the 30-year fixed mortgage rate for Plainwell is approximately 6.969% (7.008% 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 Plainwell?

The median home value in Plainwell is $244k. The median monthly rent is $943. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Plainwell?

Home values in Plainwell have increased 16.8% 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 Plainwell?

Based on a typical all-in ownership cost of $994/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Plainwell is $76k/year.

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What industries drive the economy in Plainwell?

The largest employment sectors in Plainwell are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.