The typical owner-occupied home in Douglas is worth about $426,400, 84% above the Michigan median of $231,600 and 28% above the national median of $332,700. Owners pay a median $5,886 a year in property taxes, about 1.38% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $81,627 a year, so the median home costs 5.2 times the median income (3.2 times for Michigan). 91% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Douglas at a glance
| Douglas | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $426,400 | $231,600 | $332,700 |
| Median property tax paid per year | $5,886 | $2,904 | $3,119 |
| Property tax as a share of value | 1.38% | 1.25% | 0.94% |
| Median household income | $81,627 | $72,875 | $80,734 |
| Homes lived in by their owners | 91% | 73% | 65% |
| Owner homes with a mortgage | 43% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,739 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 25.3% | 19.3% | 21.0% |
| Median rent | $781 | $1,129 | $1,413 |
| Rent as a share of renters' income | 25.3% | 30.2% | 30.6% |
| Median year homes were built | 1992 | 1972 | 1980 |
| Vacant homes | 45.2% | 11.8% | 10.1% |
| Population | 1,427 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Douglas
At this week's average 30-year rate of 7.11%, buying the median Douglas home of $426,400 with 20% down costs about $2,963 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,673, 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 $126,976 for the 20%-down payment. That payment is 44% of the median Douglas household income of $81,627; at that income and 20% down, the 28% guideline points to a home of about $274,000.
The median rent here is $781 a month, so owning the median home costs about $2,182 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $85,280 |
|---|---|
| Loan amount | $341,120 |
| Principal and interest | $2,295 |
| Property taxes (1.38% a year) | $490 |
| Homeowners insurance (our estimate, 0.5% a year) | $178 |
| PMI | $0 |
| Total per month | $2,963 |
Change the numbers in the calculator
| Down payment | $14,924 |
|---|---|
| Loan amount | $418,677 |
| Principal and interest | $2,816 |
| Property taxes (1.38% a year) | $490 |
| Homeowners insurance (our estimate, 0.5% a year) | $178 |
| FHA mortgage insurance | $189 |
| Total per month | $3,673 |
Change the numbers in the calculator
Questions about home buying in Douglas
What is the median home value in Douglas?
About $426,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Douglas?
Homeowners pay a median $5,886 a year, which is about 1.38% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Douglas?
For the median home with 20% down at 7.11%, the payment is about $2,963 a month. Keeping that under 28% of gross income takes about $126,976 a year.
More about Douglas
- Mortgage Refinance in Douglas
- Debt Relief in Douglas
- Home Equity Loans in Douglas
- 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