According to data from ClosingCorp, the average closing cost in Michigan is $4,210.71 after taxes, or approximately 2.11% to 4.21% of the final home sale price.
Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $2,105.36 and $8,421.42 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $100,000 to $200,000 |
| Average total closing cost | $4,210.71 |
| Expected closing cost range | $2,105.36 to $8,421.42 |
| Percentage of closing cost to home sale price | 2.11% to 4.21% |
Buyers and sellers in Michigan pay an average of $1,365.98 in tax combined for the closing. This accounts for 32.44% of the total average closing cost in Michigan.
| Value | |
|---|---|
| Average tax paid | $1,365.98 |
| Percentage of total closing cost | 32.44% |
The closing costs for buying a home in Michigan are below the national average after accounting for taxes. It’s 17 in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Michigan | Ranking* | |
|---|---|---|
| Before taxes | $2,844.73 | 30 |
| After taxes | $4,210.71 | 17 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Michigan.
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