The typical owner-occupied home in Saugatuck is worth about $650,800, 2.8 times the Michigan median of $231,600 and 96% above the national median of $332,700. Owners pay a median $6,786 a year in property taxes, about 1.04% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $121,178 a year, so the median home costs 5.4 times the median income (3.2 times for Michigan). 84% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Saugatuck at a glance
| Saugatuck | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $650,800 | $231,600 | $332,700 |
| Median property tax paid per year | $6,786 | $2,904 | $3,119 |
| Property tax as a share of value | 1.04% | 1.25% | 0.94% |
| Median household income | $121,178 | $72,875 | $80,734 |
| Homes lived in by their owners | 84% | 73% | 65% |
| Owner homes with a mortgage | 47% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,000 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 19.3% | 21.0% |
| Median rent | $616 | $1,129 | $1,413 |
| Rent as a share of renters' income | 27.6% | 30.2% | 30.6% |
| Median year homes were built | 1967 | 1972 | 1980 |
| Vacant homes | 54.2% | 11.8% | 10.1% |
| Population | 766 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Saugatuck
At this week's average 30-year rate of 7.11%, buying the median Saugatuck home of $650,800 with 20% down costs about $4,338 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,422, 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 $185,896 for the 20%-down payment. That payment is 43% of the median Saugatuck household income of $121,178; at that income and 20% down, the 28% guideline points to a home of about $424,000.
The median rent here is $616 a month, so owning the median home costs about $3,722 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $130,160 |
|---|---|
| Loan amount | $520,640 |
| Principal and interest | $3,502 |
| Property taxes (1.04% a year) | $564 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| PMI | $0 |
| Total per month | $4,338 |
Change the numbers in the calculator
| Down payment | $22,778 |
|---|---|
| Loan amount | $639,012 |
| Principal and interest | $4,299 |
| Property taxes (1.04% a year) | $564 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| FHA mortgage insurance | $288 |
| Total per month | $5,422 |
Change the numbers in the calculator
Questions about home buying in Saugatuck
What is the median home value in Saugatuck?
About $650,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saugatuck?
Homeowners pay a median $6,786 a year, which is about 1.04% 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 Saugatuck?
For the median home with 20% down at 7.11%, the payment is about $4,338 a month. Keeping that under 28% of gross income takes about $185,896 a year.
More about Saugatuck
- Mortgage Refinance in Saugatuck
- Debt Relief in Saugatuck
- Home Equity Loans in Saugatuck
- 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