The typical owner-occupied home in Saint Charles is worth about $118,500, 49% below the Michigan median of $231,600 and 64% below the national median of $332,700. Owners pay a median $2,184 a year in property taxes, about 1.84% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $50,000 a year, so the median home costs 2.4 times the median income (3.2 times for Michigan). 69% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Saint Charles at a glance
| Saint Charles | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $118,500 | $231,600 | $332,700 |
| Median property tax paid per year | $2,184 | $2,904 | $3,119 |
| Property tax as a share of value | 1.84% | 1.25% | 0.94% |
| Median household income | $50,000 | $72,875 | $80,734 |
| Homes lived in by their owners | 69% | 73% | 65% |
| Owner homes with a mortgage | 63% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,097 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 19.3% | 21.0% |
| Median rent | $460 | $1,129 | $1,413 |
| Rent as a share of renters' income | 33.7% | 30.2% | 30.6% |
| Median year homes were built | 1964 | 1972 | 1980 |
| Vacant homes | 6.5% | 11.8% | 10.1% |
| Population | 1,934 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Saint Charles
At this week's average 30-year rate of 7.11%, buying the median Saint Charles home of $118,500 with 20% down costs about $869 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,066, 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 $37,235 for the 20%-down payment. That payment is 21% of the median Saint Charles household income of $50,000; at that income and 20% down, the 28% guideline points to a home of about $159,000.
The median rent here is $460 a month, so owning the median home costs about $409 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,700 |
|---|---|
| Loan amount | $94,800 |
| Principal and interest | $638 |
| Property taxes (1.84% a year) | $182 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $869 |
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| Down payment | $4,148 |
|---|---|
| Loan amount | $116,354 |
| Principal and interest | $783 |
| Property taxes (1.84% a year) | $182 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $1,066 |
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Questions about home buying in Saint Charles
What is the median home value in Saint Charles?
About $118,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saint Charles?
Homeowners pay a median $2,184 a year, which is about 1.84% 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 Saint Charles?
For the median home with 20% down at 7.11%, the payment is about $869 a month. Keeping that under 28% of gross income takes about $37,235 a year.
More about Saint Charles
- Mortgage Refinance in Saint Charles
- Debt Relief in Saint Charles
- Home Equity Loans in Saint Charles
- 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