The typical owner-occupied home in Newaygo County is worth about $186,700, 19% below the Michigan median of $231,600 and 44% below the national median of $332,700. Owners pay a median $2,055 a year in property taxes, about 1.10% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $63,304 a year, so the median home costs 2.9 times the median income (3.2 times for Michigan). 87% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Newaygo County at a glance
| Newaygo County | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $186,700 | $231,600 | $332,700 |
| Median property tax paid per year | $2,055 | $2,904 | $3,119 |
| Property tax as a share of value | 1.10% | 1.25% | 0.94% |
| Median household income | $63,304 | $72,875 | $80,734 |
| Homes lived in by their owners | 87% | 73% | 65% |
| Owner homes with a mortgage | 52% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,356 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 19.3% | 21.0% |
| Median rent | $904 | $1,129 | $1,413 |
| Rent as a share of renters' income | 27.5% | 30.2% | 30.6% |
| Median year homes were built | 1978 | 1972 | 1980 |
| Vacant homes | 21.2% | 11.8% | 10.1% |
| Population | 50,792 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Newaygo County
At this week's average 30-year rate of 7.11%, buying the median Newaygo County home of $186,700 with 20% down costs about $1,254 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,565, 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 $53,729 for the 20%-down payment. That payment is 24% of the median Newaygo County household income of $63,304; at that income and 20% down, the 28% guideline points to a home of about $220,000.
The median rent here is $904 a month, so owning the median home costs about $350 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,340 |
|---|---|
| Loan amount | $149,360 |
| Principal and interest | $1,005 |
| Property taxes (1.10% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,254 |
Change the numbers in the calculator
| Down payment | $6,534 |
|---|---|
| Loan amount | $183,318 |
| Principal and interest | $1,233 |
| Property taxes (1.10% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $83 |
| Total per month | $1,565 |
Change the numbers in the calculator
Questions about home buying in Newaygo County
What is the median home value in Newaygo County?
About $186,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newaygo County?
Homeowners pay a median $2,055 a year, which is about 1.10% 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 Newaygo County?
For the median home with 20% down at 7.11%, the payment is about $1,254 a month. Keeping that under 28% of gross income takes about $53,729 a year.
More about Newaygo County
- Mortgage Refinance in Newaygo County
- Debt Relief in Newaygo County
- Home Equity Loans in Newaygo County
- 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