Mortgage payment estimates, closing cost breakdowns, and homebuying data for Holland, Michigan.
Median Home Price
$275K
Population
34K
Avg Monthly Rent
$1,180
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 Holland.
Holland vs Michigan Median
The median home price in Holland is $275,000, which is 15% above the Michigan state median of $240,000.
Mortgage Calculator — Holland, MI
Pre-filled with Holland median home price and Michigan tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using Michigan's 1.54% tax rate and $1,800/yr insurance.
5% Down
$2,307/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $353
Insurance: $150
PMI: $152
10% Down
$2,212/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $353
Insurance: $150
PMI: $144
20% Down (No PMI)
$1,893/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $353
Insurance: $150
Income needed (28% rule): $81K/year with 20% down, $95K/year with 10% down.
Rent vs Buy in Holland
Rent
$1,180/mo
vs
Buy (10% down)
$2,212/mo
Price-to-rent ratio: 19.4 — A ratio between 15-20 means the rent vs buy decision in Holland depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Holland is $275,000, 15% above the Michigan state median of $240,000. With a population of 33,877, Holland is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Michigan average 1.54% annually. This higher-than-average tax rate means a $275,000 home in Holland would carry roughly $353/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 Holland is $1,180/month. The price-to-rent ratio in Holland is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Holland presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Holland.