Michigan Housing

Housing in Michigan State is relatively cheaper than the rest of the United States, with a median value of $218,700 compared to the US median value of $338,100. Yet, the one-year appreciation rate of Michigan's housing market stands at 6.53%, which is slightly lower than the national rate of 8.27%. Despite this disparity, the lower cost of housing in Michigan can be attractive for those looking to purchase a home in the area.

The median home cost in Michigan is $218,700. Home appreciation the last 10 years has been 108.8%. Home Appreciation in Michigan is up 13.6%.

Average Age of Homes

- The median age of Michigan real estate is 47 years old

The Rental Market in Michigan

- Renters make up 24.0% of the Michigan population
- 1.2% of houses and apartments in Michigan, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Michigan, Michigan	United States
	4,566,504.0	139,647,020.0
	50	42
	$218,700	$338,100
	13.6%	16.6%
	53.5%	57.0%
	108.8%	101.1%
	$15.14	$10.98
	$2,551	$2,690
	62.9%	57.4%
	12.9%	11.2%
	24.2%	31.4%
Vacant Housing
	1.2%	1.9%
	0.3%	0.4%
	0.7%	0.7%
	0.5%	0.4%
	6.0%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	4.0%	2.4%
	4.5%	2.8%
	5.8%	3.9%
	6.5%	4.5%
	16.4%	11.3%
	17.1%	13.0%
	21.0%	20.1%
	10.4%	13.6%
	4.8%	8.3%
	3.7%	9.7%
	1.1%	3.9%
	0.5%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.9%	13.6%
	9.9%	13.6%
	13.0%	13.6%
	9.8%	13.2%
	15.3%	14.8%
	13.0%	13.6%
	14.6%	10.0%
	7.2%	4.7%
	14.5%	12.2%

Reviews for Michigan

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Steven · Ypsilanti, MI

Michigan: trash tier state

Over 3 years ago

Ready to throw in the towel with this state. I would recommend looking elsewhere to move, if that’s what brings you to this forum. Frankly that’s what I am in the More

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Rose · St. Andrews, SC

Michigan

Over 3 years ago

I used to live in Michigan when I was baby until I was about 2 I got moved to NC until in 2012 or 2013 in Kansas until in 2016 I moved back in NC until 2018 I moved in More

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Jay · Fenton, MI

Can’t wait to leave

Over 4 years ago

Michigan is so overrated; Michiganders are in love with this state, and I don’t get it. You can sit and have a two hour conversation about how crappy things are here and More