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Stronach

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

Median Home$179,000
Median Rent$862/month
Population169
Leading IndustryArts, Food & Hospitality8% of local workforce
Home Value Growth⬆⬆⬆+42.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners85% of occupied units
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
Stronach
MI

Frequently Asked Questions

What are today's mortgage rates in Stronach?

As of today, the 30-year fixed mortgage rate for Stronach is approximately 6.891% (6.927% 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 Stronach?

The median home value in Stronach is $179k. The median monthly rent is $862. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Stronach?

Home values in Stronach have increased 42.6% 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 Stronach?

Based on a typical all-in ownership cost of $782/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Stronach is $73k/year.

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What industries drive the economy in Stronach?

The largest employment sectors in Stronach are public administration (25%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.