The typical owner-occupied home in Cross Village is worth about $285,000, 23% above the Michigan median of $231,600 and 14% below the national median of $332,700. Owners pay a median $3,063 a year in property taxes, about 1.07% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $49,375 a year, so the median home costs 5.8 times the median income (3.2 times for Michigan). 85% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Cross Village at a glance
| Cross Village | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $285,000 | $231,600 | $332,700 |
| Median property tax paid per year | $3,063 | $2,904 | $3,119 |
| Property tax as a share of value | 1.07% | 1.25% | 0.94% |
| Median household income | $49,375 | $72,875 | $80,734 |
| Homes lived in by their owners | 85% | 73% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,375 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 25.6% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1968 | 1972 | 1980 |
| Vacant homes | 69.3% | 11.8% | 10.1% |
| Population | 47 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Cross Village
At this week's average 30-year rate of 7.11%, buying the median Cross Village home of $285,000 with 20% down costs about $1,907 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,381, 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 $81,714 for the 20%-down payment. That payment is 46% of the median Cross Village household income of $49,375; at that income and 20% down, the 28% guideline points to a home of about $172,000.
| Down payment | $57,000 |
|---|---|
| Loan amount | $228,000 |
| Principal and interest | $1,534 |
| Property taxes (1.07% a year) | $254 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| PMI | $0 |
| Total per month | $1,907 |
Change the numbers in the calculator
| Down payment | $9,975 |
|---|---|
| Loan amount | $279,838 |
| Principal and interest | $1,882 |
| Property taxes (1.07% a year) | $254 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| FHA mortgage insurance | $126 |
| Total per month | $2,381 |
Change the numbers in the calculator
Questions about home buying in Cross Village
What is the median home value in Cross Village?
About $285,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cross Village?
Homeowners pay a median $3,063 a year, which is about 1.07% 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 Cross Village?
For the median home with 20% down at 7.11%, the payment is about $1,907 a month. Keeping that under 28% of gross income takes about $81,714 a year.
More about Cross Village
- Mortgage Refinance in Cross Village
- Debt Relief in Cross Village
- Home Equity Loans in Cross Village
- 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