Quick facts: Free soil, MI

Quick Facts

94.9
Cost of Living
below US average
153
Population
Crime rate Data is updating, will be available soon
$44,250
Median Income
below US average
$200,000
Median House Price
above US average
$1435
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $44,250.

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Income Needed to Buy

βœ— Stretch
$63k/year
Based on $200,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $63k vs median $44,250
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Income Needed to Rent

⚠ Stretch
$61k/year
Based on $1435/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $61k vs median $44,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Free soil, MI

Free Soil is a small, charming village located in Mason County, Michigan. Nestled in the picturesque landscapes of rural Michigan, it boasts a population of around 300 residents. The village covers an area of about 0.4 square miles and serves as a tranquil retreat for those seeking peace and serenity away from bustling city life. Free Soil is surrounded by natural beauty, including lush forests and sparkling lakes, offering ample opportunities for outdoor activities such as hiking, fishing, and camping. The nearby Manistee National Forest provides a playground for nature lovers and adventurers alike. The community is characterized by its friendly atmosphere and strong local culture, often hosting events that bring residents together. While small, the village has a rich history, originally established in the mid-1800s and named after the Free Soil Party, which opposed the expansion of slavery. With its remote charm and welcoming community, Free Soil is an ideal destination for those looking to escape into nature or experience the simplicity of rural living in Michigan. Whether passing through or staying for a while, visitors are sure to appreciate its small-town charm and scenic surroundings.

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