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Housing in New Lothrop

4 homes sold in New Lothrop in the last year, at a typical $172K

Almost every sale is a house. Below: a shortcut to every site where New Lothrop homes are listed.

Homes sold
4
October 2025 to September 2026
Typical sale price
$172K
median, weighted by sales
Price per square foot
$121
Michigan $168
Paid vs. asking
99.4%
0% sold over asking
Rent or buy?

Owning the typical New Lothrop home costs about $1,141 a month

Mortgage
Property tax
Insurance
Rent

Price: New Lothrop’s typical sale, last 12 months. Property tax at New Lothrop’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether New Lothrop is affordable on local pay is on Cost of living.

Before you buy in New Lothrop

Four things worth knowing

1.7%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $172K home, about $2,930 a year.

Taxes vs. neighbors
31 min

Typical commute

The average one-way trip to work for people who live in New Lothrop.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to New Lothrop, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to New Lothrop. People who follow the town see it, and so do people comparing New Lothrop with their own town. No commission, no listing fee.

Questions about buying a home in New Lothrop

What do homes sell for in New Lothrop, MI?

4 homes sold in the year to September 2026 at a typical $172K, $121 a square foot.

How much are property taxes in New Lothrop?

About 1.7% of a home’s value a year. On a $172K home that’s near $2,930.

Where can I see homes for sale in New Lothrop?

Zillow, Redfin, Realtor.com and Homes.com all carry New Lothrop’s MLS listings; the search links above open each one filtered to New Lothrop.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).