The typical owner-occupied home in White Pine is worth about $59,500, 74% below the Michigan median of $231,600 and 82% below the national median of $332,700. Owners pay a median $553 a year in property taxes, about 0.93% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $39,861 a year, so the median home costs 1.5 times the median income (3.2 times for Michigan). 98% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
White Pine at a glance
| White Pine | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $59,500 | $231,600 | $332,700 |
| Median property tax paid per year | $553 | $2,904 | $3,119 |
| Property tax as a share of value | 0.93% | 1.25% | 0.94% |
| Median household income | $39,861 | $72,875 | $80,734 |
| Homes lived in by their owners | 98% | 73% | 65% |
| Owner homes with a mortgage | 25% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,060 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 28.9% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1963 | 1972 | 1980 |
| Vacant homes | 40.8% | 11.8% | 10.1% |
| Population | 369 | 10,077,761 | 334,922,499 |
What a typical home costs per month in White Pine
At this week's average 30-year rate of 7.11%, buying the median White Pine home of $59,500 with 20% down costs about $391 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $490, 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 $16,762 for the 20%-down payment. That payment is 12% of the median White Pine household income of $39,861; at that income and 20% down, the 28% guideline points to a home of about $141,000.
| Down payment | $11,900 |
|---|---|
| Loan amount | $47,600 |
| Principal and interest | $320 |
| Property taxes (0.93% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $391 |
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| Down payment | $2,082 |
|---|---|
| Loan amount | $58,422 |
| Principal and interest | $393 |
| Property taxes (0.93% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $26 |
| Total per month | $490 |
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Questions about home buying in White Pine
What is the median home value in White Pine?
About $59,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in White Pine?
Homeowners pay a median $553 a year, which is about 0.93% 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 White Pine?
For the median home with 20% down at 7.11%, the payment is about $391 a month. Keeping that under 28% of gross income takes about $16,762 a year.
More about White Pine
- Mortgage Refinance in White Pine
- Debt Relief in White Pine
- Home Equity Loans in White Pine
- 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