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Zilwaukee

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

Median Home$88,700
Median Rent$1,183/month
Population1,653
Leading IndustryTransportation2% of local workforce
Home Value Growth⬆⬆+20.6% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners85% of occupied units
Zilwaukee
MI

Frequently Asked Questions

What are today's mortgage rates in Zilwaukee?

As of today, the 30-year fixed mortgage rate for Zilwaukee is approximately 7.344% (7.395% 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 Zilwaukee?

The median home value in Zilwaukee is $89k. The median monthly rent is $1,183. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Zilwaukee?

Home values in Zilwaukee have increased 20.6% 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 Zilwaukee?

Based on a typical all-in ownership cost of $676/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Zilwaukee is $59k/year.

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What industries drive the economy in Zilwaukee?

The largest employment sectors in Zilwaukee are public administration (17%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.