The typical owner-occupied home in Rogers City is worth about $110,200, 52% below the Michigan median of $231,600 and 67% below the national median of $332,700. Owners pay a median $1,450 a year in property taxes, about 1.32% of their home's value, close to the Michigan rate of 1.25%. The median household earns $49,266 a year, so the median home costs 2.2 times the median income (3.2 times for Michigan). 80% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Rogers City at a glance
| Rogers City | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $110,200 | $231,600 | $332,700 |
| Median property tax paid per year | $1,450 | $2,904 | $3,119 |
| Property tax as a share of value | 1.32% | 1.25% | 0.94% |
| Median household income | $49,266 | $72,875 | $80,734 |
| Homes lived in by their owners | 80% | 73% | 65% |
| Owner homes with a mortgage | 49% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $960 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 17.2% | 19.3% | 21.0% |
| Median rent | $675 | $1,129 | $1,413 |
| Rent as a share of renters' income | 34.2% | 30.2% | 30.6% |
| Median year homes were built | 1956 | 1972 | 1980 |
| Vacant homes | 6.5% | 11.8% | 10.1% |
| Population | 2,878 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Rogers City
At this week's average 30-year rate of 7.11%, buying the median Rogers City home of $110,200 with 20% down costs about $760 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $944, 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 $32,580 for the 20%-down payment. That payment is 19% of the median Rogers City household income of $49,266; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $675 a month, so owning the median home costs about $85 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,040 |
|---|---|
| Loan amount | $88,160 |
| Principal and interest | $593 |
| Property taxes (1.32% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $760 |
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| Down payment | $3,857 |
|---|---|
| Loan amount | $108,204 |
| Principal and interest | $728 |
| Property taxes (1.32% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $944 |
Change the numbers in the calculator
Questions about home buying in Rogers City
What is the median home value in Rogers City?
About $110,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rogers City?
Homeowners pay a median $1,450 a year, which is about 1.32% 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 Rogers City?
For the median home with 20% down at 7.11%, the payment is about $760 a month. Keeping that under 28% of gross income takes about $32,580 a year.
More about Rogers City
- Mortgage Refinance in Rogers City
- Debt Relief in Rogers City
- Home Equity Loans in Rogers 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