The typical owner-occupied home in Glen Arbor is worth about $700,000, 3.0 times the Michigan median of $231,600 and 2.1 times the national median of $332,700. Owners pay a median $5,000 a year in property taxes, about 0.71% of their home's value, lower than the Michigan rate of 1.25%. 100% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Glen Arbor at a glance
| Glen Arbor | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $700,000 | $231,600 | $332,700 |
| Median property tax paid per year | $5,000 | $2,904 | $3,119 |
| Property tax as a share of value | 0.71% | 1.25% | 0.94% |
| Median household income | – | $72,875 | $80,734 |
| Homes lived in by their owners | 100% | 73% | 65% |
| Owner homes with a mortgage | 54% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,774 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1996 | 1972 | 1980 |
| Vacant homes | 49.7% | 11.8% | 10.1% |
| Population | 336 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Glen Arbor
At this week's average 30-year rate of 7.11%, buying the median Glen Arbor home of $700,000 with 20% down costs about $4,473 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,639, 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 $191,700 for the 20%-down payment.
| Down payment | $140,000 |
|---|---|
| Loan amount | $560,000 |
| Principal and interest | $3,767 |
| Property taxes (0.71% a year) | $414 |
| Homeowners insurance (our estimate, 0.5% a year) | $292 |
| PMI | $0 |
| Total per month | $4,473 |
Change the numbers in the calculator
| Down payment | $24,500 |
|---|---|
| Loan amount | $687,321 |
| Principal and interest | $4,624 |
| Property taxes (0.71% a year) | $414 |
| Homeowners insurance (our estimate, 0.5% a year) | $292 |
| FHA mortgage insurance | $310 |
| Total per month | $5,639 |
Change the numbers in the calculator
Questions about home buying in Glen Arbor
What is the median home value in Glen Arbor?
About $700,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Glen Arbor?
Homeowners pay a median $5,000 a year, which is about 0.71% 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 Glen Arbor?
For the median home with 20% down at 7.11%, the payment is about $4,473 a month. Keeping that under 28% of gross income takes about $191,700 a year.
More about Glen Arbor
- Mortgage Refinance in Glen Arbor
- Debt Relief in Glen Arbor
- Home Equity Loans in Glen Arbor
- 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