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Tawas

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

Median Home$148,144
Median Rent$802/month
Population1,799
Leading IndustriesFinance & Insurance · Information & Media8% finance & insurance
Home Value Growth⬆⬆+13.0% over 2 years
Retirees30% of residentswell above average
Homeowners79% of occupied units
NotableAmenity Score79/100 · highly walkable area
NotableVeteran Community11% of residents · top 9% nationally
Tawas City
MI

Frequently Asked Questions

What are today's mortgage rates in Tawas?

As of today, the 30-year fixed mortgage rate for Tawas is approximately 6.987% (7.029% 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 Tawas?

The median home value in Tawas is $148k. The median monthly rent is $802. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tawas?

Home values in Tawas have increased 13.0% 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 Tawas?

Based on a typical all-in ownership cost of $714/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tawas is $53k/year.

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What industries drive the economy in Tawas?

The largest employment sectors in Tawas are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.