The typical owner-occupied home in Filer City is worth about $96,100, 59% below the Michigan median of $231,600 and 71% below the national median of $332,700. Owners pay a median $905 a year in property taxes, about 0.94% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $47,083 a year, so the median home costs 2.0 times the median income (3.2 times for Michigan). 80% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Filer City at a glance
| Filer City | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $96,100 | $231,600 | $332,700 |
| Median property tax paid per year | $905 | $2,904 | $3,119 |
| Property tax as a share of value | 0.94% | 1.25% | 0.94% |
| Median household income | $47,083 | $72,875 | $80,734 |
| Homes lived in by their owners | 80% | 73% | 65% |
| Owner homes with a mortgage | 24% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,569 | $1,963 |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1953 | 1972 | 1980 |
| Vacant homes | 0.0% | 11.8% | 10.1% |
| Population | 178 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Filer City
At this week's average 30-year rate of 7.11%, buying the median Filer City home of $96,100 with 20% down costs about $632 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $793, 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 $27,107 for the 20%-down payment. That payment is 16% of the median Filer City household income of $47,083; at that income and 20% down, the 28% guideline points to a home of about $167,000.
| Down payment | $19,220 |
|---|---|
| Loan amount | $76,880 |
| Principal and interest | $517 |
| Property taxes (0.94% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $632 |
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| Down payment | $3,364 |
|---|---|
| Loan amount | $94,359 |
| Principal and interest | $635 |
| Property taxes (0.94% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $793 |
Change the numbers in the calculator
Questions about home buying in Filer City
What is the median home value in Filer City?
About $96,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Filer City?
Homeowners pay a median $905 a year, which is about 0.94% 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 Filer City?
For the median home with 20% down at 7.11%, the payment is about $632 a month. Keeping that under 28% of gross income takes about $27,107 a year.
More about Filer City
- Mortgage Refinance in Filer City
- Debt Relief in Filer City
- Home Equity Loans in Filer City
- 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