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Weidman

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

Median Home$176,173
Median Rent$1,243/month
Population925
Leading IndustriesHealthcare · Retail · Transportation15% healthcare
Home Value Growth⬆⬆+16.4% over 2 years
Retirees21% of residentsnear the national average
Homeowners88% of occupied units
NotableTransit83/100 · excellent transit access
Weidman
MI

Frequently Asked Questions

What are today's mortgage rates in Weidman?

As of today, the 30-year fixed mortgage rate for Weidman is approximately 6.874% (6.909% 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 Weidman?

The median home value in Weidman is $176k. The median monthly rent is $1,243. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Weidman?

Home values in Weidman have increased 16.4% 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 Weidman?

Based on a typical all-in ownership cost of $805/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Weidman is $66k/year.

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What industries drive the economy in Weidman?

The largest employment sectors in Weidman are public administration (18%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.