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Port Austin

Learn about the people, housing, costs and businesses in Port Austin, Michigan

Median Home$178,500
Median Rent$753/month
Population678
Leading IndustriesProfessional Services · Wholesale Trade · Manufacturing3% professional services
Home Value Growth⬆⬆⬆+35.0% over 2 years
Retirees29% of residentswell above average
Homeowners73% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableAmenity Score69/100 · highly walkable area
Port Austin
MI

Frequently Asked Questions

What are today's mortgage rates in Port Austin?

As of today, the 30-year fixed mortgage rate for Port Austin is approximately 6.993% (7.036% 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 Port Austin?

The median home value in Port Austin is $179k. The median monthly rent is $753. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Austin?

Home values in Port Austin have increased 35.0% 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 Port Austin?

Based on a typical all-in ownership cost of $723/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Austin is $54k/year.

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What industries drive the economy in Port Austin?

The largest employment sectors in Port Austin are public administration (22%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.