The typical owner-occupied home in Laingsburg is worth about $210,100, 9% below the Michigan median of $231,600 and 37% below the national median of $332,700. Owners pay a median $3,894 a year in property taxes, about 1.85% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $77,400 a year, so the median home costs 2.7 times the median income (3.2 times for Michigan). 69% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Laingsburg at a glance
| Laingsburg | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $210,100 | $231,600 | $332,700 |
| Median property tax paid per year | $3,894 | $2,904 | $3,119 |
| Property tax as a share of value | 1.85% | 1.25% | 0.94% |
| Median household income | $77,400 | $72,875 | $80,734 |
| Homes lived in by their owners | 69% | 73% | 65% |
| Owner homes with a mortgage | 72% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,519 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 19.3% | 21.0% |
| Median rent | $888 | $1,129 | $1,413 |
| Rent as a share of renters' income | 38.2% | 30.2% | 30.6% |
| Median year homes were built | 1958 | 1972 | 1980 |
| Vacant homes | 10.7% | 11.8% | 10.1% |
| Population | 1,769 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Laingsburg
At this week's average 30-year rate of 7.11%, buying the median Laingsburg home of $210,100 with 20% down costs about $1,542 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,892, 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 $66,091 for the 20%-down payment. That payment is 24% of the median Laingsburg household income of $77,400; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $888 a month, so owning the median home costs about $654 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $42,020 |
|---|---|
| Loan amount | $168,080 |
| Principal and interest | $1,131 |
| Property taxes (1.85% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $88 |
| PMI | $0 |
| Total per month | $1,542 |
Change the numbers in the calculator
| Down payment | $7,354 |
|---|---|
| Loan amount | $206,295 |
| Principal and interest | $1,388 |
| Property taxes (1.85% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $88 |
| FHA mortgage insurance | $93 |
| Total per month | $1,892 |
Change the numbers in the calculator
Questions about home buying in Laingsburg
What is the median home value in Laingsburg?
About $210,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Laingsburg?
Homeowners pay a median $3,894 a year, which is about 1.85% 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 Laingsburg?
For the median home with 20% down at 7.11%, the payment is about $1,542 a month. Keeping that under 28% of gross income takes about $66,091 a year.
More about Laingsburg
- Mortgage Refinance in Laingsburg
- Debt Relief in Laingsburg
- Home Equity Loans in Laingsburg
- 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