Quick facts: Freeland, MI

Quick Facts

94.9
Cost of Living
below US average
7,357
Population
6.8
Crime Rate per 1000
below US average
$95,478
Median Income
above US average
$289,900
Median House Price
above US average
$1849.75
Average Rent
above US average
4%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $95,478.

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Income Needed to Buy

βœ“ Affordable
$91k/year
Based on $289,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($95,478) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$79k/year
Based on $1849.75/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($95,478) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Freeland, MI

Freeland is a charming community located in Mid-Michigan, primarily within Saginaw County. Nestled along the banks of the Tittabawassee River, it offers a small-town atmosphere with a rich history and a tight-knit community. The village is known for its friendly residents, excellent schools, and a variety of local businesses that cater to residents and visitors alike. Freeland boasts beautiful parks and recreational facilities, making it a great place for outdoor enthusiasts. The nearby rural landscape provides ample opportunities for hiking, biking, and enjoying nature. Additionally, Freeland hosts several community events throughout the year, fostering a sense of camaraderie among its residents. The town is conveniently situated near larger cities like Saginaw and Midland, offering easier access to additional amenities, shopping, and cultural events while maintaining its peaceful, suburban feel. With a mix of residential areas and agricultural land, Freeland is ideal for families and those seeking a slower pace of life while still being close to urban conveniences.

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