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Watersmeet Township

Learn about the people, housing, costs and businesses in Watersmeet Township, Michigan

Median Home$289,489
Median Rent$941/month
Population5,031
Leading IndustriesFinance & Insurance · Information & Media · Education10% finance & insurance
Home Value Growth⬆⬆+15.0% over 2 years
Retirees25% of residentsabove average nationally
Homeowners91% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Watersmeet Township
MI

Explore Watersmeet Township

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Watersmeet Township?

As of today, the 30-year fixed mortgage rate for Watersmeet Township is approximately 6.870% (6.905% 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 Watersmeet Township?

The median home value in Watersmeet Township is $289k. The median monthly rent is $941. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Watersmeet Township?

Home values in Watersmeet Township have increased 15.0% 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 Watersmeet Township?

Based on a typical all-in ownership cost of $1,023/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Watersmeet Township is $77k/year.

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What industries drive the economy in Watersmeet Township?

The largest employment sectors in Watersmeet Township are public administration (20%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.