Measured against area pay, Overisel Township costs less to live in than 51% of U.S. towns
It ranks #352 of 701 in Michigan for affordability. Home prices around Overisel Township have risen about 61% over the past 5 years. Builders were permitted 9 new homes in 2025.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Holland, MI micro area ($83K). How TownRatings grades cost of living
The grade compares costs with what households across the Holland-area micro earn ($83K, Census 2020–24). The typical home costs 4.1 years of area income, and 21% of renters pay 30% or more of income for housing.
In dollars
- $1,410a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 4.1 yrsof area income buys the typical home; the typical U.S. town: 3.3$83K, Holland-area income
- 19%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 15%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Overisel Township
What’s behind Overisel Township’s grade
Measured against what households in the area earn, Overisel Township is more affordable than 51% of U.S. towns, #352 of 701 in Michigan. Home prices pull the grade down most; the share of households paying 30%+ for housing holds it up.
Home prices up 61% in 5 years
The federal house price index for the ZIP codes around Overisel Township rose 61% over the past 5 years, faster than across Michigan (52%). Last year prices rose 4.6%. Carrying the Census median home value forward with that index puts the typical Overisel Township home at roughly $426,000 today.
Carrying the Census median forward with the index puts a typical home at about $426K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Overisel Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 4.1 years of area income
The calculator starts from the area income the grade uses. Switch to Overisel Township’s own median, or type yours.
That’s $101K short of a typical Overisel Township home.
A two-bedroom rents for about $1,410 a month here, $1,130 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Overisel Township’s typical property tax (0.86% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,410
Renters already here pay a median of $1,284.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Allegan County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
9 new homes permitted in 2025
Builders were permitted 9 new homes in Overisel Township in 2025, all single-family houses, worth about $3.8 million to build. That's 2.9 per 1,000 residents, about the pace of Michigan as a whole. Over the past 10 years, Overisel Township has permitted 78 homes in all.
Between the 2010 and 2020 censuses, Overisel Township gained 222 residents while 61 new homes were permitted: about 3.6 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 6 | 0 | $2.8 million |
| 2025 | 9 | 9 | 0 | $3.8 million |
| 2024 | 3 | 3 | 0 | $2.4 million |
| 2023 | 4 | 4 | 0 | $1.5 million |
| 2022 | 8 | 8 | 0 | $3.1 million |
| 2021 | 8 | 8 | 0 | $3.2 million |
| 2020 | 10 | 10 | 0 | $3.3 million |
| 2019 | 4 | 4 | 0 | $1 million |
| 2018 | 13 | 13 | 0 | $4 million |
| 2017 | 4 | 4 | 0 | $1.6 million |
| 2016 | 15 | 15 | 0 | $4.7 million |
| 2015 | 4 | 4 | 0 | $660,000 |
| 2014 | 3 | 3 | 0 | $540,000 |
| 2013 | 5 | 5 | 0 | $856,000 |
| 2012 | 4 | 4 | 0 | $1.6 million |
| 2011 | 4 | 4 | 0 | $677,000 |
| 2010 | 5 | 5 | 0 | $1.1 million |
| 2009 | 3 | 3 | 0 | $603,000 |
| 2008 | 7 | 7 | 0 | $1.2 million |
| 2007 | 3 | 3 | 0 | $56,000 |
| 2006 | 6 | 6 | 0 | $945,000 |
| 2005 | 25 | 25 | 0 | $4.8 million |
| 2004 | 33 | 33 | 0 | $5.5 million |
| 2003 | 27 | 27 | 0 | $4.2 million |
| 2002 | 27 | 27 | 0 | $4.1 million |
| 2001 | 10 | 10 | 0 | $1.4 million |
| 2000 | 14 | 14 | 0 | $2.4 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
High tax bills, but a low tax rate
The median bill is $2,945 (Michigan: $2,904), because homes cost more. As a share of value it’s 0.86% a year, against 1.25% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Overisel Township
Only figures published free for the whole country, each labeled with the area it covers: Michigan, or Michigan. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Electricity cents per kWh, homes | 23.1¢ | U.S. 18.3¢ | state | EIA, July 2026 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Overisel Township vs. its neighbors
Zillow publishes no value for Overisel Township. Zeeland Township and Heath Township and Fillmore Township and Salem Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Overisel Township | B− | — | $344K | 0.86% | $1,410 |
| Salem Township | B | — | $308K | 1.01% | $1,350 |
| Heath Township | B | — | $332K | 0.95% | $1,300 |
| Zeeland Township | B− | — | $358K | 1.04% | $1,380 |
| Fillmore Township | B+ | — | $314K | 0.90% | $1,460 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Overisel Township
Is Overisel Township expensive to live in?
Measured against what households in the area earn, Overisel Township costs less than 51% of U.S. towns: a B− for cost of living, #352 of 701 in Michigan. The typical home costs 4.1 years of the median household income of the Holland, MI micro area ($83K).
How much is rent in Overisel Township?
HUD puts a two-bedroom at about $1,410 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,284 (Census 2020–24).
What are property taxes in Overisel Township?
The median bill is $2,945 a year, 0.86% of the median home value (Michigan: $2,904, 1.25%), from the Census 2020–24.
Neighbors talk housing
What Overisel Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.