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Three Rivers

Learn about the people, housing, costs and businesses in Three Rivers, Michigan

Median Home$134,202
Median Rent$867/month
Population8,245
Leading IndustryRetail35% of local workforce
Home Value Growth⬆⬆+15.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners57% of occupied units
NotableAmenity Score74/100 · highly walkable area
Three Rivers
MI

Frequently Asked Questions

What are today's mortgage rates in Three Rivers?

As of today, the 30-year fixed mortgage rate for Three Rivers is approximately 6.999% (7.042% 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 Three Rivers?

The median home value in Three Rivers is $134k. The median monthly rent is $867. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Three Rivers?

Home values in Three Rivers have increased 15.9% 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 Three Rivers?

Based on a typical all-in ownership cost of $875/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Three Rivers is $53k/year.

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What industries drive the economy in Three Rivers?

The largest employment sectors in Three Rivers are retail (35%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.