Housing in Burdell

A typical Burdell home is worth roughly $188,000

Typical home value

$188K

MI $266K

Estimate

2-bedroom rent

$1,260

a month, utilities in · HUD

Median tax bill

$1,851

MI $2,904

What kind of housing town is Burdell?

Read from the numbers below. The page puts what stands out first.

Your money goes further30% below the Michigan typical home.A second-home town30% of homes are seasonal or vacation homes.

★ What stands out · Affordability

A typical home costs 2.6 years of income

Less than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$273,000

Typical Burdell home $188K

That covers a typical Burdell home, with $86K to spare.

The typical home, each month

$1,140

Loan $930Tax $150Insurance $50

A two-bedroom rents for about $1,260 a month here, $120 more than owning.

Where your budget reaches nearby

Sherman$225K Le Roy$204K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Burdell’s typical property tax (0.99% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

81% of Burdell households own their home

Half of Burdell’s homes were built before 1976.

Owners and renters

Own 81%Rent 19%

Michigan: 73% own.

1976

typical home built · MI 1972

$1,851

median property tax bill · MI $2,904

0.99%

of a home’s value, a year in tax · MI 1.25%

30%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $1,260

Renters already here pay a median of $1,083, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$960

1 bedroom$970

2 bedrooms$1,260

3 bedrooms$1,540

4 bedrooms$1,820

19%

of households rent · MI 27%

renter households

47%

of renters spend 30%+ of income on rent · MI 50%

21%

of the median income, for a two-bedroom

$1,083

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lake County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Burdell vs. its neighbors

Burdell is the least expensive of 3 neighboring towns. Tap one to see its housing page.

Sherman$225K Le Roy$204K Burdell$188K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Burdell	$188K*	—	$1,260	$71,042
Sherman	$225K*	—	$1,240	$58,571
Le Roy	$204K	+5.1%	$990	$67,500

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Burdell buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Burdell still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.