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Median monthly mortgage repayments in Robertstown are $433, lower than the state average. The median weekly rent in the town is $193, also lower than the state average. Robertstown has an average of 2.3 motor vehicles per dwelling, highlighting the importance of private transportation in the area. [3]
There were 13 families and a total of 16 private dwellings. On average, each household consisted of 2.7 people. The median weekly household income was $850, while the median monthly mortgage repayments were $1,280. The median weekly rent was $233. Additionally, there was an average of 2.5 motor vehicles per dwelling in this region. [2]
The Detroit metropolitan area has the lowest average mortgage payment among the top 15 metro areas, at $1,577, according to the 2022 Census housing data. Monthly mortgage payments by loan size
A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20% down payment and a qualifying ratio of 25%.
Assuming a 30-year fixed-rate mortgage at 6.5% interest, including estimated property taxes and insurance, the payment on a $500,000 mortgage would be around $3,555 a month.
The median age of the residents is 44 years. The community has a total of 9 private dwellings, with an average of 2.6 people per household. On average, each dwelling in Peep Hill has 4.3 motor vehicles. The median weekly household income is $1,374, and the median monthly mortgage repayments are $999. [5]
Assuming a 30-year fixed-rate mortgage at 6.5% interest, including estimated property taxes and insurance, the payment on a $400,000 mortgage would be around $2,857 a month.
Real estate values were correspondingly high: the median mortgage repayments were $3,280 compared to the national median of $1,863. Housing Most (88.2%) private dwellings were family households and 11.5% were single-person households. Stand-alone houses accounted for 95.6% of dwellings. The average household size was 3.3 people.