Quick facts: Beaverton, MI

Quick Facts

94.9
Cost of Living
below US average
1,156
Population
6.06
Crime Rate per 1000
below US average
$31,985
Median Income
below US average
$125,000
Median House Price
above US average
$1256.25
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $31,985.

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Income Needed to Buy

βœ— Stretch
$39k/year
Based on $125,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $39k vs median $31,985
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Income Needed to Rent

⚠ Stretch
$54k/year
Based on $1256.25/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $54k vs median $31,985
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Beaverton, MI

Beaverton is a small city located in Gladwin County, Michigan. Nestled in the scenic landscape of the state’s central region, it is known for its friendly community atmosphere, making it a great place for families and retirees. The city is situated near the picturesque Beaverton Lake, which offers recreational activities such as fishing, boating, and swimming in the warmer months. Beaverton boasts a quaint downtown area with local shops and eateries, contributing to its charming small-town vibe. The city is surrounded by lush forests and is a haven for outdoor enthusiasts, with opportunities for hiking, hunting, and wildlife observation. The area is served by the Beaverton Rural Schools district, which emphasizes community involvement in education. The local events throughout the year, including summer festivals and farmers' markets, highlight the vibrant community spirit. Though quiet, Beaverton provides access to larger cities like Midland and Bay City for more urban amenities. Its blend of natural beauty, community involvement, and local charm makes Beaverton a lovely place to live or visit.

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