Verkkomedian annual wage across all occupations: $46,290 (1. 4% lower than median wage in michigan) median size of a listed home in july 2024: With a median sales price of $327,100β€”a whopping $125,000 below the national average.

Verkkohowever, at 20% down, the credit would cover the down payment for a home only up to $125,000, a price range that is virtually nonexistent aside from. You can buy most homes in these 23 cities for under $125,000. Sean pavone / istock via getty images.