The typical owner-occupied home in Potterville is worth about $154,500, 33% below the Michigan median of $231,600 and 54% below the national median of $332,700. Owners pay a median $2,448 a year in property taxes, about 1.58% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $64,693 a year, so the median home costs 2.4 times the median income (3.2 times for Michigan). 59% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Potterville at a glance
| Potterville | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $154,500 | $231,600 | $332,700 |
| Median property tax paid per year | $2,448 | $2,904 | $3,119 |
| Property tax as a share of value | 1.58% | 1.25% | 0.94% |
| Median household income | $64,693 | $72,875 | $80,734 |
| Homes lived in by their owners | 59% | 73% | 65% |
| Owner homes with a mortgage | 67% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,271 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 19.3% | 21.0% |
| Median rent | $1,152 | $1,129 | $1,413 |
| Rent as a share of renters' income | 29.1% | 30.2% | 30.6% |
| Median year homes were built | 1994 | 1972 | 1980 |
| Vacant homes | 7.1% | 11.8% | 10.1% |
| Population | 3,087 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Potterville
At this week's average 30-year rate of 7.11%, buying the median Potterville home of $154,500 with 20% down costs about $1,099 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,357, 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 $47,112 for the 20%-down payment. That payment is 20% of the median Potterville household income of $64,693; at that income and 20% down, the 28% guideline points to a home of about $212,000.
The median rent here is $1,152 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $30,900 |
|---|---|
| Loan amount | $123,600 |
| Principal and interest | $831 |
| Property taxes (1.58% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| PMI | $0 |
| Total per month | $1,099 |
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| Down payment | $5,408 |
|---|---|
| Loan amount | $151,702 |
| Principal and interest | $1,021 |
| Property taxes (1.58% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| FHA mortgage insurance | $68 |
| Total per month | $1,357 |
Change the numbers in the calculator
Questions about home buying in Potterville
What is the median home value in Potterville?
About $154,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Potterville?
Homeowners pay a median $2,448 a year, which is about 1.58% 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 Potterville?
For the median home with 20% down at 7.11%, the payment is about $1,099 a month. Keeping that under 28% of gross income takes about $47,112 a year.
More about Potterville
- Mortgage Refinance in Potterville
- Debt Relief in Potterville
- Home Equity Loans in Potterville
- 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