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Schoolcraft County

Learn about the people, housing, costs and businesses in Schoolcraft County County

Median Home$154,672
Median Rent$751/month
Population8,128
Leading IndustriesManufacturing · Wholesale Trade · Public Administration3% manufacturing
Home Value Growth⬆⬆⬆+36.3% over 2 years
Retirees29% of residentswell above average
Homeowners87% of occupied units
NotableVeteran Community10% of residents · top 12% nationally
NotableAffordable Market$155k median home · lower cost than 67% of the country
Schoolcraft County
MI

Frequently Asked Questions

What are today's mortgage rates in Schoolcraft County?

As of today, the 30-year fixed mortgage rate for Schoolcraft County is approximately 7.202% (7.236% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Schoolcraft County
What is the median home price in Schoolcraft County?

The median home value in Schoolcraft County is $155k. The median monthly rent is $751. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Schoolcraft County?

Home values in Schoolcraft County have increased 36.3% 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 Schoolcraft County?

Based on a typical all-in ownership cost of $705/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Schoolcraft County is $57k/year.

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What industries drive the economy in Schoolcraft County?

The largest employment sectors in Schoolcraft County are public administration (26%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas