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South Range

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

Median Home$205,816
Median Rent$999/month
Population700
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare32% public administration
Home Value Growth⬆⬆+19.2% over 2 years
Young Adults38% of residentstop 4% nationally
Homeowners81% of occupied units
NotableHighly Educated30% bachelor's · 21% graduate · top 9% nationally
South Range
MI

Frequently Asked Questions

What are today's mortgage rates in South Range?

As of today, the 30-year fixed mortgage rate for South Range is approximately 6.917% (6.954% 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 Range?

The median home value in South Range is $206k. The median monthly rent is $999. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Range?

Home values in South Range have increased 19.2% 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 Range?

Based on a typical all-in ownership cost of $931/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Range is $78k/year.

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What industries drive the economy in South Range?

The largest employment sectors in South Range are public administration (32%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.