The typical owner-occupied home in Swartz Creek is worth about $174,200, 25% below the Michigan median of $231,600 and 48% below the national median of $332,700. Owners pay a median $2,693 a year in property taxes, about 1.55% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $71,571 a year, so the median home costs 2.4 times the median income (3.2 times for Michigan). 70% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Swartz Creek at a glance
| Swartz Creek | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $174,200 | $231,600 | $332,700 |
| Median property tax paid per year | $2,693 | $2,904 | $3,119 |
| Property tax as a share of value | 1.55% | 1.25% | 0.94% |
| Median household income | $71,571 | $72,875 | $80,734 |
| Homes lived in by their owners | 70% | 73% | 65% |
| Owner homes with a mortgage | 65% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,281 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 19.3% | 21.0% |
| Median rent | $1,247 | $1,129 | $1,413 |
| Rent as a share of renters' income | 30.0% | 30.2% | 30.6% |
| Median year homes were built | 1978 | 1972 | 1980 |
| Vacant homes | 7.1% | 11.8% | 10.1% |
| Population | 5,853 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Swartz Creek
At this week's average 30-year rate of 7.11%, buying the median Swartz Creek home of $174,200 with 20% down costs about $1,235 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,525, 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 $52,932 for the 20%-down payment. That payment is 21% of the median Swartz Creek household income of $71,571; at that income and 20% down, the 28% guideline points to a home of about $236,000.
The median rent here is $1,247 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $34,840 |
|---|---|
| Loan amount | $139,360 |
| Principal and interest | $937 |
| Property taxes (1.55% a year) | $225 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,235 |
Change the numbers in the calculator
| Down payment | $6,097 |
|---|---|
| Loan amount | $171,045 |
| Principal and interest | $1,151 |
| Property taxes (1.55% a year) | $225 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,525 |
Change the numbers in the calculator
Questions about home buying in Swartz Creek
What is the median home value in Swartz Creek?
About $174,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Swartz Creek?
Homeowners pay a median $2,693 a year, which is about 1.55% 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 Swartz Creek?
For the median home with 20% down at 7.11%, the payment is about $1,235 a month. Keeping that under 28% of gross income takes about $52,932 a year.
More about Swartz Creek
- Mortgage Refinance in Swartz Creek
- Debt Relief in Swartz Creek
- Home Equity Loans in Swartz Creek
- 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