Quick facts: Ortonville, MI

Quick Facts

94.9
Cost of Living
below US average
1,331
Population
11.27
Crime Rate per 1000
below US average
$92,411
Median Income
above US average
$230,000
Median House Price
above US average
$1865.0
Average Rent
above US average
7%
Poverty Rate
below US average
4.2%
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 $92,411.

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Income Needed to Buy

βœ“ Affordable
$72k/year
Based on $230,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($92,411) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$80k/year
Based on $1865.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($92,411) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ortonville, MI

Ortonville is a charming village located in Oakland County, Michigan. Nestled in the picturesque landscape of the Lower Peninsula, it boasts a small-town atmosphere with a close-knit community feel. The village is surrounded by beautiful parks and lakes, making it a great spot for outdoor enthusiasts. With its rich history dating back to the 19th century, Ortonville features a variety of local shops, cozy eateries, and historical sites that add to its quaint charm. The village is served by the Brandon School District, which provides quality education to local residents. Additionally, the area is known for its recreational opportunities, such as the nearby Ortonville State Recreation Area, which offers hiking, camping, and fishing. The stunning scenery and serene environment make it an ideal place for those looking for a peaceful lifestyle while still having access to urban amenities in nearby cities like Flint and Pontiac. Whether you're discovering the local history, enjoying the natural beauty, or participating in community events, Ortonville provides a delightful escape with a warm, welcoming vibe.

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