The typical home in Flint, MI is worth about $115,000.
With 20% down that's a loan near $92,000 — the calculator
is pre-filled with that figure. Flint has some of the lowest home prices of any U.S. metro, a legacy of GM's decades-long downsizing and the city's 2014-15 water crisis, both of which accelerated population loss. A shrinking tax base has pushed Genesee County's effective property tax rate well above Michigan's statewide average even as home values stayed low.
$597.32 / month
Total interest
$123,038
Total paid
$215,038
Payoff
30.0 years
How much you need to earn
Flint, MI's median household income is about
$48,000 a year. Under standard 28/36
lending rules that supports a home price around
$146,923 with 20% down —
comfortably above the $115,000 typical price.
Typical asking rent in Flint, MI is about $900 a month, so owning the median home costs roughly
$13 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Flint, MI?
On the metro's roughly $115,000 typical home with 20% down, the loan is about $92,000. Principal and interest run near $597 a month at today's rate, and Flint, MI's property tax plus insurance add about $315, for a full payment near $913.
Can I afford a home in Flint, MI on the median income?
The median household income is about $48,000 a year. Under standard 28/36 lending rules that supports a home price around $146,923 with 20% down — above the $115,000 typical price, so a median home is within reach.
Is it cheaper to rent or buy in Flint, MI?
Typical asking rent is about $900 a month. The full owner payment on a median home is near $913, so owning costs roughly $13 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Flint, MI?
The effective property tax rate in the core county is about 1.90% of market value — roughly $2,185 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Flint, MI rising or falling?
Home values are up about 4% over the past year. Flint has some of the lowest home prices of any U.S. metro, a legacy of GM's decades-long downsizing and the city's 2014-15 water crisis, both of which accelerated population loss. A shrinking tax base has pushed Genesee County's effective property tax rate well above Michigan's statewide average even as home values stayed low.