The typical owner-occupied home in Chassell is worth about $167,600, 28% below the Michigan median of $231,600 and 50% below the national median of $332,700. Owners pay a median $1,551 a year in property taxes, about 0.93% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $54,148 a year, so the median home costs 3.1 times the median income (3.2 times for Michigan). 84% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Chassell at a glance
| Chassell | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $167,600 | $231,600 | $332,700 |
| Median property tax paid per year | $1,551 | $2,904 | $3,119 |
| Property tax as a share of value | 0.93% | 1.25% | 0.94% |
| Median household income | $54,148 | $72,875 | $80,734 |
| Homes lived in by their owners | 84% | 73% | 65% |
| Owner homes with a mortgage | 59% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,074 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Rent as a share of renters' income | 42.5% | 30.2% | 30.6% |
| Median year homes were built | 1971 | 1972 | 1980 |
| Vacant homes | 23.6% | 11.8% | 10.1% |
| Population | 899 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Chassell
At this week's average 30-year rate of 7.11%, buying the median Chassell home of $167,600 with 20% down costs about $1,102 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,381, 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 $47,215 for the 20%-down payment. That payment is 24% of the median Chassell household income of $54,148; at that income and 20% down, the 28% guideline points to a home of about $192,000.
| Down payment | $33,520 |
|---|---|
| Loan amount | $134,080 |
| Principal and interest | $902 |
| Property taxes (0.93% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,102 |
Change the numbers in the calculator
| Down payment | $5,866 |
|---|---|
| Loan amount | $164,564 |
| Principal and interest | $1,107 |
| Property taxes (0.93% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $74 |
| Total per month | $1,381 |
Change the numbers in the calculator
Questions about home buying in Chassell
What is the median home value in Chassell?
About $167,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chassell?
Homeowners pay a median $1,551 a year, which is about 0.93% 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 Chassell?
For the median home with 20% down at 7.11%, the payment is about $1,102 a month. Keeping that under 28% of gross income takes about $47,215 a year.
More about Chassell
- Mortgage Refinance in Chassell
- Debt Relief in Chassell
- Home Equity Loans in Chassell
- 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