The typical owner-occupied home in Saint Michaels is worth about $202,500, 49% below the Arizona median of $394,500 and 39% below the national median of $332,700. The median household earns $65,556 a year, so the median home costs 3.1 times the median income (4.9 times for Arizona). 91% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Saint Michaels at a glance
| Saint Michaels | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $202,500 | $394,500 | $332,700 |
| Median property tax paid per year | – | $1,879 | $3,119 |
| Median household income | $65,556 | $79,964 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 30% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,348 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 26.4% | 20.5% | 21.0% |
| Median rent | $839 | $1,543 | $1,413 |
| Rent as a share of renters' income | 9.0% | 30.8% | 30.6% |
| Median year homes were built | 1998 | 1992 | 1980 |
| Vacant homes | 23.6% | 10.5% | 10.1% |
| Population | 1,142 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Saint Michaels
At this week's average 30-year rate of 7.11%, buying the median Saint Michaels home of $202,500 with 20% down costs about $1,360 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,697, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $58,276 for the 20%-down payment. That payment is 25% of the median Saint Michaels household income of $65,556; at that income and 20% down, the 28% guideline points to a home of about $228,000.
The median rent here is $839 a month, so owning the median home costs about $521 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,500 |
|---|---|
| Loan amount | $162,000 |
| Principal and interest | $1,090 |
| Property taxes (1.10% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,360 |
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| Down payment | $7,088 |
|---|---|
| Loan amount | $198,832 |
| Principal and interest | $1,338 |
| Property taxes (1.10% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $90 |
| Total per month | $1,697 |
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Questions about home buying in Saint Michaels
What is the median home value in Saint Michaels?
About $202,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Saint Michaels?
For the median home with 20% down at 7.11%, the payment is about $1,360 a month. Keeping that under 28% of gross income takes about $58,276 a year.
More about Saint Michaels
- Mortgage Refinance in Saint Michaels
- Debt Relief in Saint Michaels
- Home Equity Loans in Saint Michaels
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data