The typical owner-occupied home in Tecumseh is worth about $216,700, 6% below the Michigan median of $231,600 and 35% below the national median of $332,700. Owners pay a median $3,369 a year in property taxes, about 1.55% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $62,835 a year, so the median home costs 3.4 times the median income (3.2 times for Michigan). 70% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Tecumseh at a glance
| Tecumseh | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $216,700 | $231,600 | $332,700 |
| Median property tax paid per year | $3,369 | $2,904 | $3,119 |
| Property tax as a share of value | 1.55% | 1.25% | 0.94% |
| Median household income | $62,835 | $72,875 | $80,734 |
| Homes lived in by their owners | 70% | 73% | 65% |
| Owner homes with a mortgage | 63% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,487 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 19.3% | 21.0% |
| Median rent | $1,003 | $1,129 | $1,413 |
| Rent as a share of renters' income | 29.6% | 30.2% | 30.6% |
| Median year homes were built | 1975 | 1972 | 1980 |
| Vacant homes | 3.9% | 11.8% | 10.1% |
| Population | 8,646 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Tecumseh
At this week's average 30-year rate of 7.11%, buying the median Tecumseh home of $216,700 with 20% down costs about $1,536 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,897, 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 $65,846 for the 20%-down payment. That payment is 29% of the median Tecumseh household income of $62,835; at that income and 20% down, the 28% guideline points to a home of about $207,000.
The median rent here is $1,003 a month, so owning the median home costs about $533 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,340 |
|---|---|
| Loan amount | $173,360 |
| Principal and interest | $1,166 |
| Property taxes (1.55% a year) | $280 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,536 |
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| Down payment | $7,584 |
|---|---|
| Loan amount | $212,775 |
| Principal and interest | $1,431 |
| Property taxes (1.55% a year) | $280 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,897 |
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Questions about home buying in Tecumseh
What is the median home value in Tecumseh?
About $216,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tecumseh?
Homeowners pay a median $3,369 a year, which is about 1.55% 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 Tecumseh?
For the median home with 20% down at 7.11%, the payment is about $1,536 a month. Keeping that under 28% of gross income takes about $65,846 a year.
More about Tecumseh
- Mortgage Refinance in Tecumseh
- Debt Relief in Tecumseh
- Home Equity Loans in Tecumseh
- 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