The typical owner-occupied home in Arcadia is worth about $262,500, 13% above the Michigan median of $231,600 and 21% below the national median of $332,700. Owners pay a median $3,088 a year in property taxes, about 1.18% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $85,694 a year, so the median home costs 3.1 times the median income (3.2 times for Michigan). 95% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Arcadia at a glance
| Arcadia | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $262,500 | $231,600 | $332,700 |
| Median property tax paid per year | $3,088 | $2,904 | $3,119 |
| Property tax as a share of value | 1.18% | 1.25% | 0.94% |
| Median household income | $85,694 | $72,875 | $80,734 |
| Homes lived in by their owners | 95% | 73% | 65% |
| Owner homes with a mortgage | 45% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,625 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1979 | 1972 | 1980 |
| Vacant homes | 77.7% | 11.8% | 10.1% |
| Population | 120 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Arcadia
At this week's average 30-year rate of 7.11%, buying the median Arcadia home of $262,500 with 20% down costs about $1,780 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,217, 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 $76,293 for the 20%-down payment. That payment is 25% of the median Arcadia household income of $85,694; at that income and 20% down, the 28% guideline points to a home of about $295,000.
| Down payment | $52,500 |
|---|---|
| Loan amount | $210,000 |
| Principal and interest | $1,413 |
| Property taxes (1.18% a year) | $258 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| PMI | $0 |
| Total per month | $1,780 |
Change the numbers in the calculator
| Down payment | $9,188 |
|---|---|
| Loan amount | $257,745 |
| Principal and interest | $1,734 |
| Property taxes (1.18% a year) | $258 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| FHA mortgage insurance | $116 |
| Total per month | $2,217 |
Change the numbers in the calculator
Questions about home buying in Arcadia
What is the median home value in Arcadia?
About $262,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Arcadia?
Homeowners pay a median $3,088 a year, which is about 1.18% 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 Arcadia?
For the median home with 20% down at 7.11%, the payment is about $1,780 a month. Keeping that under 28% of gross income takes about $76,293 a year.
More about Arcadia
- Mortgage Refinance in Arcadia
- Debt Relief in Arcadia
- Home Equity Loans in Arcadia
- 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