The typical owner-occupied home in Saint Joseph is worth about $299,000, 29% above the Michigan median of $231,600 and 10% below the national median of $332,700. Owners pay a median $4,582 a year in property taxes, about 1.53% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $84,057 a year, so the median home costs 3.6 times the median income (3.2 times for Michigan). 58% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Saint Joseph at a glance
| Saint Joseph | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $299,000 | $231,600 | $332,700 |
| Median property tax paid per year | $4,582 | $2,904 | $3,119 |
| Property tax as a share of value | 1.53% | 1.25% | 0.94% |
| Median household income | $84,057 | $72,875 | $80,734 |
| Homes lived in by their owners | 58% | 73% | 65% |
| Owner homes with a mortgage | 64% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,676 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.3% | 21.0% |
| Median rent | $1,081 | $1,129 | $1,413 |
| Rent as a share of renters' income | 23.9% | 30.2% | 30.6% |
| Median year homes were built | 1953 | 1972 | 1980 |
| Vacant homes | 14.7% | 11.8% | 10.1% |
| Population | 7,986 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Saint Joseph
At this week's average 30-year rate of 7.11%, buying the median Saint Joseph home of $299,000 with 20% down costs about $2,115 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,613, 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 $90,639 for the 20%-down payment. That payment is 30% of the median Saint Joseph household income of $84,057; at that income and 20% down, the 28% guideline points to a home of about $277,000.
The median rent here is $1,081 a month, so owning the median home costs about $1,034 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,800 |
|---|---|
| Loan amount | $239,200 |
| Principal and interest | $1,609 |
| Property taxes (1.53% a year) | $381 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| PMI | $0 |
| Total per month | $2,115 |
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| Down payment | $10,465 |
|---|---|
| Loan amount | $293,584 |
| Principal and interest | $1,975 |
| Property taxes (1.53% a year) | $381 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| FHA mortgage insurance | $132 |
| Total per month | $2,613 |
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Questions about home buying in Saint Joseph
What is the median home value in Saint Joseph?
About $299,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saint Joseph?
Homeowners pay a median $4,582 a year, which is about 1.53% 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 Saint Joseph?
For the median home with 20% down at 7.11%, the payment is about $2,115 a month. Keeping that under 28% of gross income takes about $90,639 a year.
More about Saint Joseph
- Mortgage Refinance in Saint Joseph
- Debt Relief in Saint Joseph
- Home Equity Loans in Saint Joseph
- 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