The typical owner-occupied home in Auburn Hills is worth about $245,000, 6% above the Michigan median of $231,600 and 26% below the national median of $332,700. Owners pay a median $2,941 a year in property taxes, about 1.20% of their home's value, close to the Michigan rate of 1.25%. The median household earns $84,375 a year, so the median home costs 2.9 times the median income (3.2 times for Michigan). 51% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Auburn Hills at a glance
| Auburn Hills | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $245,000 | $231,600 | $332,700 |
| Median property tax paid per year | $2,941 | $2,904 | $3,119 |
| Property tax as a share of value | 1.20% | 1.25% | 0.94% |
| Median household income | $84,375 | $72,875 | $80,734 |
| Homes lived in by their owners | 51% | 73% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,570 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 17.0% | 19.3% | 21.0% |
| Median rent | $1,477 | $1,129 | $1,413 |
| Rent as a share of renters' income | 26.5% | 30.2% | 30.6% |
| Median year homes were built | 1991 | 1972 | 1980 |
| Vacant homes | 7.2% | 11.8% | 10.1% |
| Population | 25,105 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Auburn Hills
At this week's average 30-year rate of 7.11%, buying the median Auburn Hills home of $245,000 with 20% down costs about $1,666 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,074, 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 $71,382 for the 20%-down payment. That payment is 24% of the median Auburn Hills household income of $84,375; at that income and 20% down, the 28% guideline points to a home of about $290,000.
The median rent here is $1,477 a month, so owning the median home costs about $189 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,000 |
|---|---|
| Loan amount | $196,000 |
| Principal and interest | $1,318 |
| Property taxes (1.20% a year) | $245 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,666 |
Change the numbers in the calculator
| Down payment | $8,575 |
|---|---|
| Loan amount | $240,562 |
| Principal and interest | $1,618 |
| Property taxes (1.20% a year) | $245 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $108 |
| Total per month | $2,074 |
Change the numbers in the calculator
Questions about home buying in Auburn Hills
What is the median home value in Auburn Hills?
About $245,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Auburn Hills?
Homeowners pay a median $2,941 a year, which is about 1.20% 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 Auburn Hills?
For the median home with 20% down at 7.11%, the payment is about $1,666 a month. Keeping that under 28% of gross income takes about $71,382 a year.
More about Auburn Hills
- Mortgage Refinance in Auburn Hills
- Debt Relief in Auburn Hills
- Home Equity Loans in Auburn Hills
- 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