The typical owner-occupied home in Delton is worth about $295,200, 27% above the Michigan median of $231,600 and 11% below the national median of $332,700. Owners pay a median $2,583 a year in property taxes, about 0.88% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $61,552 a year, so the median home costs 4.8 times the median income (3.2 times for Michigan). 86% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Delton at a glance
| Delton | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $295,200 | $231,600 | $332,700 |
| Median property tax paid per year | $2,583 | $2,904 | $3,119 |
| Property tax as a share of value | 0.88% | 1.25% | 0.94% |
| Median household income | $61,552 | $72,875 | $80,734 |
| Homes lived in by their owners | 86% | 73% | 65% |
| Owner homes with a mortgage | 67% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,875 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 19.3% | 21.0% |
| Median rent | $1,267 | $1,129 | $1,413 |
| Rent as a share of renters' income | 46.3% | 30.2% | 30.6% |
| Median year homes were built | 1971 | 1972 | 1980 |
| Vacant homes | 23.3% | 11.8% | 10.1% |
| Population | 936 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Delton
At this week's average 30-year rate of 7.11%, buying the median Delton home of $295,200 with 20% down costs about $1,928 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,420, 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 $82,635 for the 20%-down payment. That payment is 38% of the median Delton household income of $61,552; at that income and 20% down, the 28% guideline points to a home of about $220,000.
The median rent here is $1,267 a month, so owning the median home costs about $661 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,040 |
|---|---|
| Loan amount | $236,160 |
| Principal and interest | $1,589 |
| Property taxes (0.88% a year) | $216 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| PMI | $0 |
| Total per month | $1,928 |
Change the numbers in the calculator
| Down payment | $10,332 |
|---|---|
| Loan amount | $289,853 |
| Principal and interest | $1,950 |
| Property taxes (0.88% a year) | $216 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| FHA mortgage insurance | $131 |
| Total per month | $2,420 |
Change the numbers in the calculator
Questions about home buying in Delton
What is the median home value in Delton?
About $295,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Delton?
Homeowners pay a median $2,583 a year, which is about 0.88% 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 Delton?
For the median home with 20% down at 7.11%, the payment is about $1,928 a month. Keeping that under 28% of gross income takes about $82,635 a year.
More about Delton
- Mortgage Refinance in Delton
- Debt Relief in Delton
- Home Equity Loans in Delton
- 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