A typical Ontonagon home is worth roughly $105,000
No new homes were permitted in 2011.
What kind of housing town is Ontonagon?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.1 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Ontonagon home, with $83K to spare.
A two-bedroom rents for about $970 a month here, $320 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Ontonagon’s typical property tax (1.15% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
67% of Ontonagon households own their home
Half of Ontonagon’s homes were built before 1953.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $970
Renters already here pay a median of $538, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Ontonagon County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2011
No permits for new homes were issued in Ontonagon in 2011. The last year with any was 2007 (1 new home).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $150,000 |
| 2006 | 1 | 1 | 0 | $150,000 |
| 2005 | 7 | 7 | 0 | $500,000 |
| 2004 | 8 | 8 | 0 | $572,000 |
| 2003 | 2 | 2 | 0 | $250,000 |
| 2002 | 3 | 3 | 0 | $315,000 |
| 2001 | 2 | 2 | 0 | $150,000 |
| 2000 | 4 | 4 | 0 | $270,000 |
Ontonagon's permit office didn't report to the Census in 2011, so the 2011 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Neighbors talk housing
What Ontonagon buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. New homes: U.S. Census Bureau, Building Permits 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.