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Tecumseh

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

Median Home$207,023
Median Rent$1,006/month
Population8,597
Leading IndustryRetail18% of local workforce
Home Value Growth⬆⬆+17.1% over 2 years
Young Adults29% of residentsslightly above average
Homeowners73% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Tecumseh
MI

Frequently Asked Questions

What are today's mortgage rates in Tecumseh?

As of today, the 30-year fixed mortgage rate for Tecumseh is approximately 7.061% (7.103% 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 Tecumseh?

The median home value in Tecumseh is $207k. The median monthly rent is $1,006. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tecumseh?

Home values in Tecumseh 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 Tecumseh?

Based on a typical all-in ownership cost of $1,067/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tecumseh is $65k/year.

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What industries drive the economy in Tecumseh?

The largest employment sectors in Tecumseh are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.