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Skanee

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

Median Home$140,300
Median Rent$664/month
Population102
Leading IndustriesArts, Food & Hospitality · Healthcare · Education28% arts, food & hospitality
Home Value Growth+3.6% over 2 years
Family-Friendly28% of residentswell above average
Homeowners80% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableHighly Educated30% bachelor's · 29% graduate · top 9% nationally
Skanee
MI

Frequently Asked Questions

What are today's mortgage rates in Skanee?

As of today, the 30-year fixed mortgage rate for Skanee is approximately 6.783% (6.815% 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 Skanee?

The median home value in Skanee is $140k. The median monthly rent is $664. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Skanee?

Home values in Skanee have increased 3.6% over the past two years. This represents moderate growth. 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 Skanee?

Based on a typical all-in ownership cost of $659/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Skanee is $58k/year.

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What industries drive the economy in Skanee?

The largest employment sectors in Skanee are healthcare (30%) and arts, food, and hospitality (28%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.