The typical owner-occupied home in Fulton is worth about $74,500, 68% below the Michigan median of $231,600 and 78% below the national median of $332,700. Owners pay a median $943 a year in property taxes, about 1.27% of their home's value, close to the Michigan rate of 1.25%. The median household earns $41,136 a year, so the median home costs 1.8 times the median income (3.2 times for Michigan). 77% of occupied homes here are lived in by their owners, and 19% of those owners still have a mortgage.
Fulton at a glance
| Fulton | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $74,500 | $231,600 | $332,700 |
| Median property tax paid per year | $943 | $2,904 | $3,119 |
| Property tax as a share of value | 1.27% | 1.25% | 0.94% |
| Median household income | $41,136 | $72,875 | $80,734 |
| Homes lived in by their owners | 77% | 73% | 65% |
| Owner homes with a mortgage | 19% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,569 | $1,963 |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 49.5% | 11.8% | 10.1% |
| Population | 94 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Fulton
At this week's average 30-year rate of 7.11%, buying the median Fulton home of $74,500 with 20% down costs about $511 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $635, 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 $21,892 for the 20%-down payment. That payment is 15% of the median Fulton household income of $41,136; at that income and 20% down, the 28% guideline points to a home of about $140,000.
| Down payment | $14,900 |
|---|---|
| Loan amount | $59,600 |
| Principal and interest | $401 |
| Property taxes (1.27% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $511 |
Change the numbers in the calculator
| Down payment | $2,608 |
|---|---|
| Loan amount | $73,151 |
| Principal and interest | $492 |
| Property taxes (1.27% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $635 |
Change the numbers in the calculator
Questions about home buying in Fulton
What is the median home value in Fulton?
About $74,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fulton?
Homeowners pay a median $943 a year, which is about 1.27% 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 Fulton?
For the median home with 20% down at 7.11%, the payment is about $511 a month. Keeping that under 28% of gross income takes about $21,892 a year.
More about Fulton
- Mortgage Refinance in Fulton
- Debt Relief in Fulton
- Home Equity Loans in Fulton
- 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