The typical owner-occupied home in Copper Harbor is worth about $268,800, 16% above the Michigan median of $231,600 and 19% below the national median of $332,700. Owners pay a median $2,500 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 $67,188 a year, so the median home costs 4.0 times the median income (3.2 times for Michigan). 84% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Copper Harbor at a glance
| Copper Harbor | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $268,800 | $231,600 | $332,700 |
| Median property tax paid per year | $2,500 | $2,904 | $3,119 |
| Property tax as a share of value | 0.93% | 1.25% | 0.94% |
| Median household income | $67,188 | $72,875 | $80,734 |
| Homes lived in by their owners | 84% | 73% | 65% |
| Owner homes with a mortgage | 33% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,429 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1965 | 1972 | 1980 |
| Vacant homes | 57.1% | 11.8% | 10.1% |
| Population | 163 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Copper Harbor
At this week's average 30-year rate of 7.11%, buying the median Copper Harbor home of $268,800 with 20% down costs about $1,767 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,215, 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 $75,725 for the 20%-down payment. That payment is 32% of the median Copper Harbor household income of $67,188; at that income and 20% down, the 28% guideline points to a home of about $238,000.
| Down payment | $53,760 |
|---|---|
| Loan amount | $215,040 |
| Principal and interest | $1,447 |
| Property taxes (0.93% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,767 |
Change the numbers in the calculator
| Down payment | $9,408 |
|---|---|
| Loan amount | $263,931 |
| Principal and interest | $1,775 |
| Property taxes (0.93% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $119 |
| Total per month | $2,215 |
Change the numbers in the calculator
Questions about home buying in Copper Harbor
What is the median home value in Copper Harbor?
About $268,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Copper Harbor?
Homeowners pay a median $2,500 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 Copper Harbor?
For the median home with 20% down at 7.11%, the payment is about $1,767 a month. Keeping that under 28% of gross income takes about $75,725 a year.
More about Copper Harbor
- Mortgage Refinance in Copper Harbor
- Debt Relief in Copper Harbor
- Home Equity Loans in Copper Harbor
- 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