Quick facts: Dexter, MI

Quick Facts

94.9
Cost of Living
below US average
4,529
Population
6.62
Crime Rate per 1000
below US average
$89,671
Median Income
above US average
$595,000
Median House Price
above US average
$2753.33
Average Rent
above US average
4%
Poverty Rate
below US average
3.2%
Unemployment Rate
below 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 $89,671.

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Income Needed to Buy

βœ— Stretch
$187k/year
Based on $595,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $187k vs median $89,671
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Income Needed to Rent

⚠ Stretch
$118k/year
Based on $2753.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $118k vs median $89,671
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dexter, MI

Dexter is a charming village located in Washtenaw County, Michigan, just northwest of Ann Arbor. Known for its picturesque landscapes and small-town atmosphere, Dexter is home to a population of around 4,000 residents. The village boasts a vibrant downtown area with quaint shops, cafes, and restaurants that reflect the community's local flavor. Nestled along the banks of the Huron River, Dexter offers numerous outdoor recreational activities, including hiking and biking along the Border-to-Border Trail. The area hosts several parks, such as Dexter Township Park and Mill Creek Park, which provide spaces for picnics, playgrounds, and sports. One of Dexter's highlights is its strong sense of community, evidenced by various annual events like the Dexter Daze Festival, attracting residents and visitors alike. The village is served by the Dexter Community Schools, noted for their educational quality and commitment to student development. With its beautiful scenery, friendly residents, and convenient access to larger urban centers like Ann Arbor, Dexter is an inviting place for families, outdoor enthusiasts, and anyone seeking a peaceful yet engaging community.

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