The typical owner-occupied home in Burt is worth about $203,400, 12% below the Michigan median of $231,600 and 39% below the national median of $332,700. Owners pay a median $2,036 a year in property taxes, about 1.00% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $90,156 a year, so the median home costs 2.3 times the median income (3.2 times for Michigan). 84% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Burt at a glance
| Burt | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $203,400 | $231,600 | $332,700 |
| Median property tax paid per year | $2,036 | $2,904 | $3,119 |
| Property tax as a share of value | 1.00% | 1.25% | 0.94% |
| Median household income | $90,156 | $72,875 | $80,734 |
| Homes lived in by their owners | 84% | 73% | 65% |
| Owner homes with a mortgage | 59% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,550 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1975 | 1972 | 1980 |
| Vacant homes | 7.1% | 11.8% | 10.1% |
| Population | 1,339 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Burt
At this week's average 30-year rate of 7.11%, buying the median Burt home of $203,400 with 20% down costs about $1,349 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,688, 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 $57,809 for the 20%-down payment. That payment is 18% of the median Burt household income of $90,156; at that income and 20% down, the 28% guideline points to a home of about $317,000.
| Down payment | $40,680 |
|---|---|
| Loan amount | $162,720 |
| Principal and interest | $1,095 |
| Property taxes (1.00% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| PMI | $0 |
| Total per month | $1,349 |
Change the numbers in the calculator
| Down payment | $7,119 |
|---|---|
| Loan amount | $199,716 |
| Principal and interest | $1,344 |
| Property taxes (1.00% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| FHA mortgage insurance | $90 |
| Total per month | $1,688 |
Change the numbers in the calculator
Questions about home buying in Burt
What is the median home value in Burt?
About $203,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Burt?
Homeowners pay a median $2,036 a year, which is about 1.00% 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 Burt?
For the median home with 20% down at 7.11%, the payment is about $1,349 a month. Keeping that under 28% of gross income takes about $57,809 a year.
More about Burt
- Mortgage Refinance in Burt
- Debt Relief in Burt
- Home Equity Loans in Burt
- 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