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South Boardman

Learn about the people, housing, costs and businesses in South Boardman, Michigan

Median Home$181,036
Median Rent$943/month
Population491
Leading IndustriesManufacturing · Agriculture & Mining · Construction7% manufacturing
Home Value Growth⬆⬆+17.1% over 2 years
Retirees22% of residentsnear the national average
Homeowners89% of occupied units
South Boardman
MI

Frequently Asked Questions

What are today's mortgage rates in South Boardman?

As of today, the 30-year fixed mortgage rate for South Boardman is approximately 7.064% (7.106% 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 South Boardman?

The median home value in South Boardman is $181k. The median monthly rent is $943. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Boardman?

Home values in South Boardman 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 South Boardman?

Based on a typical all-in ownership cost of $913/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Boardman is $70k/year.

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What industries drive the economy in South Boardman?

The largest employment sectors in South Boardman are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.