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Prudenville

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

Median Home$176,829
Median Rent$838/month
Population1,587
Leading IndustriesProfessional Services · Manufacturing · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+17.1% over 2 years
Retirees27% of residentsabove average nationally
Homeowners81% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Prudenville
MI

Frequently Asked Questions

What are today's mortgage rates in Prudenville?

As of today, the 30-year fixed mortgage rate for Prudenville is approximately 6.893% (6.929% 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 Prudenville?

The median home value in Prudenville is $177k. The median monthly rent is $838. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prudenville?

Home values in Prudenville have increased 17.1% 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 Prudenville?

Based on a typical all-in ownership cost of $749/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 Prudenville is $51k/year.

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What industries drive the economy in Prudenville?

The largest employment sectors in Prudenville are public administration (21%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.