Quick facts: Edmore, MI

Quick Facts

94.9
Cost of Living
below US average
1,249
Population
2.4
Crime Rate per 1000
below US average
$51,029
Median Income
below US average
$189,000
Median House Price
above US average
$1350.0
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 $51,029.

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Income Needed to Buy

βœ— Stretch
$59k/year
Based on $189,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $59k vs median $51,029
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1350.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $51,029
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Edmore, MI

Edmore is a charming village located in Montcalm County, Michigan. Nestled in the heart of rural America, Edmore offers a warm, small-town atmosphere with a close-knit community. The village is situated near the picturesque northern Michigan landscape, which is dotted with lakes, forests, and outdoor recreational activities. Edmore features a variety of local businesses, including quaint shops, restaurants, and services that cater to residents and visitors alike. The area is known for its friendly atmosphere, making it an inviting destination for those looking to experience the tranquility of rural life. Outdoor enthusiasts can enjoy activities like fishing, hiking, and camping in nearby parks and natural areas. Edmore also hosts local events and festivals that bring the community together, showcasing its unique culture and heritage. Overall, Edmore, MI, is a delightful location for those seeking a peaceful lifestyle in a scenic setting, with easy access to the natural beauty of the surrounding region.

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