The typical owner-occupied home in Marenisco is worth about $47,500, 79% below the Michigan median of $231,600 and 86% below the national median of $332,700. Owners pay a median $446 a year in property taxes, about 0.94% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $39,375 a year, so the median home costs 1.2 times the median income (3.2 times for Michigan). 100% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Marenisco at a glance
| Marenisco | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $47,500 | $231,600 | $332,700 |
| Median property tax paid per year | $446 | $2,904 | $3,119 |
| Property tax as a share of value | 0.94% | 1.25% | 0.94% |
| Median household income | $39,375 | $72,875 | $80,734 |
| Homes lived in by their owners | 100% | 73% | 65% |
| Owner homes with a mortgage | 29% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $940 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1956 | 1972 | 1980 |
| Vacant homes | 28.9% | 11.8% | 10.1% |
| Population | 223 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Marenisco
At this week's average 30-year rate of 7.11%, buying the median Marenisco home of $47,500 with 20% down costs about $313 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $392, 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 $13,398 for the 20%-down payment. That payment is 10% of the median Marenisco household income of $39,375; at that income and 20% down, the 28% guideline points to a home of about $140,000.
| Down payment | $9,500 |
|---|---|
| Loan amount | $38,000 |
| Principal and interest | $256 |
| Property taxes (0.94% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| PMI | $0 |
| Total per month | $313 |
Change the numbers in the calculator
| Down payment | $1,662 |
|---|---|
| Loan amount | $46,640 |
| Principal and interest | $314 |
| Property taxes (0.94% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| FHA mortgage insurance | $21 |
| Total per month | $392 |
Change the numbers in the calculator
Questions about home buying in Marenisco
What is the median home value in Marenisco?
About $47,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marenisco?
Homeowners pay a median $446 a year, which is about 0.94% 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 Marenisco?
For the median home with 20% down at 7.11%, the payment is about $313 a month. Keeping that under 28% of gross income takes about $13,398 a year.
More about Marenisco
- Mortgage Refinance in Marenisco
- Debt Relief in Marenisco
- Home Equity Loans in Marenisco
- 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