Photo: Dwight Burdette · CC BY 3.0Even on the area’s higher pay, Sharon Township costs more to live in than 75% of U.S. towns
Home prices around Sharon Township have risen about 47% over the past 5 years. No new homes were permitted in 2024.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Ann Arbor, MI metro area ($89K). How TownRatings grades cost of living
The grade measures what housing costs against what households in the area earn. Sharon Township’s area earns well above the typical U.S. town ($89K against $74K), but homes, rent and taxes here run higher still. Owners keep up better than renters: 23% of owners pay 30% or more of income for housing (typical U.S. town: 20%), against 40% of renters.
In dollars
- $1,470a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 101prices across the Ann Arbor metro, where the U.S. is 100 (housing 125)BEA Regional Price Parities, 2024
In paychecks the grade
- 4.2 yrsof area income buys the typical home; the typical U.S. town: 3.3$89K, Ann Arbor-area income
- 22%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 23%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Sharon Township
What’s behind Sharon Township’s grade
Measured against what households in the area earn, Sharon Township is more affordable than 25% of U.S. towns. Rent pulls the grade down most; the share of households paying 30%+ for housing holds it up.
Home prices up 47% in 5 years
The federal house price index for the ZIP codes around Sharon Township rose 47% over the past 5 years, slower than across Michigan (52%). Last year prices rose 5.1%. Carrying the Census median home value forward with that index puts the typical Sharon Township home at roughly $445,000 today.
Carrying the Census median forward with the index puts a typical home at about $445K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Sharon 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 4.2 years of area income
The calculator starts from the area income the grade uses. Switch to Sharon Township’s own median, or type yours.
That’s $107K short of a typical Sharon Township home.
A two-bedroom rents for about $1,470 a month here, $1,260 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Sharon Township’s typical property tax (1.08% 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 $1,470
Renters already here pay a median of $1,653.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Ann Arbor, MI MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2024
No permits for new homes were issued in Sharon Township in 2024. The last year with any was 2023 (3 new homes).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2024 | 0 | 0 | 0 | — |
| 2023 | 3 | 3 | 0 | $1 million |
Sharon Township's permit office didn't report to the Census in 2024, so the 2024 figures are Census estimates.
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 $3,995 (Michigan: $2,904), because homes cost more. As a share of value it’s 1.08% 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 Sharon Township
Only figures published free for the whole country, each labeled with the area it covers: the Ann Arbor, MI metro area, or Michigan. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 101 | MI 96 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 94 | MI 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 98 | MI 100 | metro | BEA, 2024 |
| Other services U.S. = 100 | 100 | MI 101 | metro | BEA, 2024 |
| 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.
Sharon Township vs. its neighbors
Zillow publishes no value for Sharon Township. Freedom Township and Sylvan Township and Norvell Township and Manchester 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 |
|---|---|---|---|---|---|
| Sharon Township | C | — | $371K | 1.08% | $1,470 |
| Sylvan Township | D | — | $396K | 1.52% | $1,900 |
| Freedom Township | D | — | $401K | 1.19% | $1,750 |
| Manchester Township | B | — | $274K | 1.34% | $1,450 |
| Grass Lake Township | C+ | $345K | $297K | 1.30% | $1,440 |
| Norvell Township | B− | — | $279K | 1.02% | $1,450 |
“—” 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 Sharon Township
Is Sharon Township expensive to live in?
Measured against what households in the area earn, Sharon Township costs more than 75% of U.S. towns: a C for cost of living. The typical home costs 4.2 years of the median household income of the Ann Arbor, MI metro area ($89K).
How much is rent in Sharon Township?
HUD puts a two-bedroom at about $1,470 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,653 (Census 2020–24).
What are property taxes in Sharon Township?
The median bill is $3,995 a year, 1.08% of the median home value (Michigan: $2,904, 1.25%), from the Census 2020–24.
Neighbors talk housing
What Sharon 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.