The typical owner-occupied home in Breedsville is worth about $217,200, 6% below the Michigan median of $231,600 and 35% below the national median of $332,700. Owners pay a median $1,643 a year in property taxes, about 0.76% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $98,750 a year, so the median home costs 2.2 times the median income (3.2 times for Michigan). 91% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Breedsville at a glance
| Breedsville | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $217,200 | $231,600 | $332,700 |
| Median property tax paid per year | $1,643 | $2,904 | $3,119 |
| Property tax as a share of value | 0.76% | 1.25% | 0.94% |
| Median household income | $98,750 | $72,875 | $80,734 |
| Homes lived in by their owners | 91% | 73% | 65% |
| Owner homes with a mortgage | 63% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,103 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 12.9% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1953 | 1972 | 1980 |
| Vacant homes | 15.0% | 11.8% | 10.1% |
| Population | 288 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Breedsville
At this week's average 30-year rate of 7.11%, buying the median Breedsville home of $217,200 with 20% down costs about $1,397 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,759, 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 $59,869 for the 20%-down payment. That payment is 17% of the median Breedsville household income of $98,750; at that income and 20% down, the 28% guideline points to a home of about $358,000.
| Down payment | $43,440 |
|---|---|
| Loan amount | $173,760 |
| Principal and interest | $1,169 |
| Property taxes (0.76% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,397 |
Change the numbers in the calculator
| Down payment | $7,602 |
|---|---|
| Loan amount | $213,266 |
| Principal and interest | $1,435 |
| Property taxes (0.76% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,759 |
Change the numbers in the calculator
Questions about home buying in Breedsville
What is the median home value in Breedsville?
About $217,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Breedsville?
Homeowners pay a median $1,643 a year, which is about 0.76% 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 Breedsville?
For the median home with 20% down at 7.11%, the payment is about $1,397 a month. Keeping that under 28% of gross income takes about $59,869 a year.
More about Breedsville
- Mortgage Refinance in Breedsville
- Debt Relief in Breedsville
- Home Equity Loans in Breedsville
- 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