Mortgage payment estimates, closing cost breakdowns, and homebuying data for Flint, Michigan.
Median Home Price
$65K
Population
96K
Avg Monthly Rent
$780
Property Tax Rate
1.54% *
* Property tax shown is the Michigan state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Flint.
Flint vs Michigan Median
The median home price in Flint is $65,000, which is 73% below the Michigan state median of $240,000.
Mortgage Calculator — Flint, MI
Pre-filled with Flint median home price and Michigan tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $65K home using Michigan's 1.54% tax rate and $1,800/yr insurance.
5% Down
$660/mo
Down: $3,250
Loan: $62K
P&I: $390
Tax: $83
Insurance: $150
PMI: $36
10% Down
$637/mo
Down: $6,500
Loan: $59K
P&I: $370
Tax: $83
Insurance: $150
PMI: $34
20% Down (No PMI)
$562/mo
Down: $13,000
Loan: $52K
P&I: $329
Tax: $83
Insurance: $150
Income needed (28% rule): $24K/year with 20% down, $27K/year with 10% down.
Rent vs Buy in Flint
Rent
$780/mo
vs
Buy (10% down)
$637/mo
Price-to-rent ratio: 6.9 — With a ratio under 15, buying in Flint is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $143 less than renting, but you build equity with every payment.
The median home price in Flint is $65,000, 73% below the Michigan state median of $240,000. With a population of 95,943, Flint is a smaller market where home prices tend to be more accessible than in many parts of Michigan.
Property taxes in Michigan average 1.54% annually. This higher-than-average tax rate means a $65,000 home in Flint would carry roughly $83/month in property taxes alone — plan accordingly. Homeowners insurance in Michigan runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Flint is $780/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Flint over the long term.
Flint offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Michigan's MSHDA DPA program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Flint.