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Yale

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

Median Home$208,100
Median Rent$918/month
Population1,942
Leading IndustriesRetail · Manufacturing22% retail
Home Value Growth⬆⬆⬆+25.4% over 2 years
Young Adults27% of residentsnear the national average
Homeowners82% of occupied units
NotableTransit86/100 · excellent transit access
Yale
MI

Frequently Asked Questions

What are today's mortgage rates in Yale?

As of today, the 30-year fixed mortgage rate for Yale is approximately 7.026% (7.067% 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 Yale?

The median home value in Yale is $208k. The median monthly rent is $918. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Yale?

Home values in Yale have increased 25.4% 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 Yale?

Based on a typical all-in ownership cost of $998/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Yale is $64k/year.

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What industries drive the economy in Yale?

The largest employment sectors in Yale are retail (22%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.