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State

Data from November 2026

Housing , home prices, rents and assistance in Michigan (2026)

In Michigan, a typical home is worth $231,600 and the typical rent is $1,129 a month. The FHA limit for a one-unit home is $541,287 in every one of its counties. 59 HUD-approved counseling agencies serve Michigan; 17 say they serve you in Spanish.

Most populous:

Typical home value by county

  • Under $152,800
  • $152,800–$169,800
  • $169,800–$190,100
  • $190,100–$239,000
  • $239,000 or more

Tap the map to see each county’s figure and open its page.

Typical home value
$231,600
30% less than the U.S.
U.S.: $332,700
Typical rent per month
$1,129
20% less than the U.S.
U.S.: $1,413
Typical household income
$72,875
10% less than the U.S.
U.S.: $80,734
FHA limit, 1 unit
$541,287
It is the same across Michigan.
U.S.: $541,287 to $1,299,500
Property tax
1.25%
of value a year
The typical bill is $2,904 a year.
U.S.: 0.94%

Source: American Community Survey (ACS) 5-year estimates Average 2020–2024 American Community Survey (ACS) 5-year estimates Source: FHA mortgage limits (HUD) Data from 2026 data FHA mortgage limits (HUD)

In short

Living in Michigan

In Michigan, a typical home is worth $231,600: 30% less than in the United States overall. Prices change a lot by county: from $107,200 in Gogebic County to $458,400 in Leelanau County. The typical household earns $72,875 a year and the typical rent is $1,129 a month; 50% of renter households spend 30% or more of their income on housing. 73% of households own their home, and the typical property tax is $2,904 a year (about 1.25% of value).

The conforming loan limit for a one-unit home is $832,750 across Michigan. To pay HUD’s fair rent for a 2-bedroom apartment in Michigan ($1,361) without spending more than 30% of income, you need about $26.17 an hour working full time.

Source: Conforming loan limits (FHFA) Data from 2026 data Conforming loan limits (FHFA) Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

The essentials in Michigan

More on property tax

  • Principal Residence Exemption (PRE) from school operating tax

    If you own and occupy the home as your principal residence, you may file an affidavit with your local tax unit (by June 1 for the summer levy or November 1 for the winter levy) and the home is exempt from the school district's operating tax to the extent the school code provides.

    Michigan Legislature (Michigan Compiled Laws) · Verified October 23, 2026

  • Homestead Property Tax Credit (Form MI-1040CR)

    You may claim this credit if your homestead is in Michigan, you lived in Michigan at least six months of 2025, and you own it (with taxes levied in 2025) or paid rent. For 2025 you cannot claim it if total household resources are over $71,500 or the taxable value exceeds $165,400. It is filed with your MI-1040 by April 15, 2026; the last deadline for the 2025 credit is April 15, 2030. These are 2025 figures. The instructions ask for your full nine-digit Social Security number.

    Michigan Department of Treasury (2025 MI-1040CR instructions) · Verified October 31, 2026

  • Full exemption for disabled veterans and their surviving spouse

    A home used and owned as a homestead by a disabled veteran is exempt from the collection of property taxes. A Michigan-resident veteran qualifies if the VA found a permanent and total service disability paid at the 100% rate, granted specially adapted housing assistance, or rated the veteran individually unemployable. The surviving spouse keeps the exemption while not remarried. You apply to the local assessor after January 1 and before December 31 of the year.

    Michigan Legislature (Michigan Compiled Laws) · Verified October 31, 2026

  • Appealing the assessment to the March Board of Review

    Your local March Board of Review meets to hear appeals on the second Monday in March (or the following Tuesday or Wednesday, if the township allows it). If you are a non-resident, you may file your protest in writing without appearing in person; the township or city may also allow residents to do so, and then it must say so on the assessment change notice.

    Michigan State Tax Commission (Board of Review Questions and Answers, updated October 2026) · Verified October 31, 2026

  • State real estate transfer tax

    The State charges $3.75 for each $500 (or fraction) of the total value of the property transferred, paid by the seller. The county adds 55 cents per $500 (up to 75 cents in counties of 2 million people or more), also paid by the seller.

    Michigan Legislature (Michigan Compiled Laws) · Verified October 23, 2026

The homes here

Housing in Michigan

What homes there are in Michigan, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Michigan: 72% of homes, more than in the U.S. (61%).

Year built

The typical home in Michigan was built in 1972, 8 years before the typical one in the U.S..

Homes in Michigan are bigger: 65% have 3 bedrooms or more; in the U.S., 61%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

Looking at what owner-occupied homes in Michigan are worth, the most common range is between $100K and $200K (25%).

Monthly rent with utilities

Looking at what people pay in rent in Michigan, the most common range is between $1,000 and $1,499 a month (38%).

With a mortgage

$1,569 a month

United States: $1,963 a month

Without a mortgage

$602 a month

United States: $638 a month

Owners with a mortgage

58%

United States: 61%

In Michigan, 58% of owners have a mortgage, and their typical cost is $1,569 a month, against $1,963 in the U.S.. Without one it drops to $602.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Michigan gained value more slowly than in the U.S.: 50% since 2015–2019, against 53%.

Since 2015–2019, the typical rent in Michigan rose 30%, less than in the U.S. (33%).

To compare: typical income in Michigan rose 28%; the home, +50%; the rent, +30%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMichiganUnited States
Rental vacancy 5.1%5.5%
Homeowner vacancy 0.8%0.9%
More than one person per room 1.6%3.4%
People per household 2.422.53
Drive alone 74%69%
Carpool 8%9%
Public transit 1%3%
Walk or bike 2%3%
Work from home 14%15%
Other means 1%2%
Typical commute 20 to 29 minutes20 to 29 minutes

In Michigan, the rental vacancy rate is 5.1%, about the same as in the U.S..

More than one person per room: that is how 1.6% of households in Michigan live, less than in the U.S. (3.4%).

By size, households in Michigan look like those in the U.S.: 2.42 people on average.

To get to work, 74% of workers in Michigan drive alone; in the U.S., 69%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Places

Explore the counties in Michigan

Sort by any column or type a name. The 25 most populous are shown; the button reveals the rest.

See the counties page

Source: American Community Survey (ACS) 5-year estimates Average 2020–2024 American Community Survey (ACS) 5-year estimates Source: FHA mortgage limits (HUD) Data from 2026 data FHA mortgage limits (HUD) Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

Calculator

Work out your payment in Michigan

Start from the typical home value in Michigan, $231,600, and this week’s average rate. Move the price and the down payment to see your monthly payment. If you already visited a county, the calculator uses its numbers.

More math for Michigan

$
%

Estimated monthly payment

$1,981

FHA loan over 30 years, with estimated taxes and insurance.

See the full calculation

Prices and risks

Three official measures that help you decide: how much home prices have changed according to FHFA, how prices compare with the national average according to BEA, and how many homes sit in a flood zone according to FEMA.

Home prices

How have home prices changed?

According to the FHFA House Price Index, home prices in Michigan rose 97% in the 10 years through 2025.

Price change each year

Period Michigan United States
In 2025 +4.7% +2.9%
5 years (2020–2025) +52% +47%
10 years (2015–2025) +97% +85%

The index follows the prices of the same homes over time (sales and appraisals on loans bought or guaranteed by Fannie Mae and Freddie Mac). It is not the average price of a home. FHFA considers its annual state indexes experimental.

Source: FHFA House Price Index (HPI) Data from 2025 data FHFA House Price Index (HPI)

Cost of living

How expensive are prices here?

According to the Bureau of Economic Analysis (BEA), in 2024 prices in Michigan were 4% lower than the U.S. average. Housing rents were 18% lower than nationwide.

Category Michigan United States Versus the U.S.
All prices Consumer goods and services 96.2 100.0 4% less
Housing rents What renters pay 82.3 100.6 18% less
Water, power and gas Water, sewer, electricity and gas 100.2 98.4 2% more
Goods Food, clothing, transportation and more 96.0 99.6 4% less
Other services Services other than rent 100.9 100.1 1% more

BEA expresses each index as a percentage of the average U.S. price level: a higher number means higher prices, and a lower one, lower prices.

Source: Regional price parities (BEA) Data from 2024 data Regional price parities (BEA)

Flooding

Is there a flood risk?

According to FEMA, in Michigan 1.6% of homes (63,812) are in a high-risk flood zone. Of those homes, 18% have NFIP flood insurance.

  • A high-risk zone (Special Flood Hazard Area) has a 1% or greater chance of flooding each year. 44 CFR 59.1
  • If the home is in that zone and the loan comes from a regulated lender, federal law requires flood insurance for the life of the loan, in communities that take part in the NFIP. 42 U.S.C. 4012a
  • Most homeowners insurance does not cover flood damage. FEMA, FloodSmart
Michigan United States
Homes in a high-risk zone 1.6% 3.5%
Of those, with NFIP insurance 18% 48%
All homes with NFIP insurance 0.4% 2.9%

The NFIP is the federal flood insurance program; private policies are not counted. FEMA counts homes with its National Structure Inventory. We add up the county figures FEMA publishes.

Look up your address on FEMA’s map Source: Homes with flood insurance (NFIP, FEMA) As of August 3, 2026 Homes with flood insurance (NFIP, FEMA)

Places

Cities in Michigan

The 16 most populous cities with a page. Each one compares its prices and rents with its county.

See the other cities (163)

    Help to buy

    Assistance programs in Michigan

    Our list has 2 official programs that help you buy in Michigan. Each card says what kind of help it gives and when we checked its official page.

    See all 2 programs
    1. MI 10K DPA Loan

      Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

      Deferred Verified November 5, 2026

    2. Mortgage Credit Certificate (MCC)

      Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

      Tax credit Verified November 5, 2026

    Tenant rights

    Tenant rights in Michigan

    Michigan law answers 4 of these 5 questions, each answer with its citation. Where it says “Data not available”, we have not verified it against the source yet.

    A summary of state law, not legal advice. Cities may have additional rules.

    See every right

    1. How much can they charge for a deposit?

      A security deposit may not exceed one and a half months' rent.

      MCL 554.602

    2. When must they return my deposit?

      Within 30 days after you move out, the landlord must mail you an itemized list of damages claimed, with the estimated cost of each, together with a check (or electronic transfer) for the balance of the deposit. You must respond by mail within 7 days if you disagree.

      MCL 554.609(1)

    3. If I fall behind on rent, what notice must I get?

      If you do not pay rent, the landlord may end the tenancy with a written 7-day notice to quit, and may sue if you remain 7 days after service of the written demand for possession for nonpayment.

      MCL 554.134(2)

    4. How much notice ends a month-to-month rental?

      Either party may end a tenancy at will (month to month) by giving one month's notice. If rent is paid at intervals of less than three months, notice equal to the interval between payments is sufficient.

      MCL 554.134(1)

    5. Are there limits on late fees?

      Data not available

    A father holds his baby and his young son by a white picket fence.

    Help and advice

    Who can help you in Michigan?

    You do not have to do this alone. A HUD-approved housing counselor gives independent advice on buying, renting, late payments and credit, often free or at low cost.

    59 HUD-approved counseling agencies serve Michigan; 17 say they serve you in Spanish. Choose your county to see the closest ones with their phone number.

    126 public housing authorities run Section 8 vouchers and public housing in Michigan.

    See all 59 agencies See the housing agencies

    Who runs the help in Michigan

    • Michigan State Housing Development Authority (MSHDA)

      The Michigan State Housing Development Authority (MSHDA) MI 10K program helps low- and moderate-income buyers with up to $10,000 for down payment, closing costs and prepaid expenses. It is an interest-free loan with no monthly payments, combined with a MSHDA MI Home Loan. All buyers need a homebuyer education certificate.

      The agency's official page · Verified October 31, 2026

    Where to file a complaint in Michigan

    • Complaints to the Michigan Department of Civil Rights: 180 days

      The complaint is filed with the Michigan Department of Civil Rights (MDCR) within 180 days after the act of discrimination. If more than 180 days have passed and the case is not also under federal jurisdiction, you may file in state court within three years. You can also go straight to state court without filing with MDCR.

      Michigan Department of Civil Rights (MDCR) · Verified October 31, 2026

    • What Michigan law adds to federal fair housing law

      The Elliott-Larsen Civil Rights Act bars anyone in a real estate transaction from refusing to engage in it because of religion, race, color, national origin, age, sex, sexual orientation, gender identity or expression, familial status or marital status. It also bars a landlord from denying a rental because of your source of income, and a landlord may not exclude a rent voucher or subsidy when checking an income threshold.

      Michigan Legislature (Michigan Compiled Laws) · Verified October 31, 2026

    • Insurance complaints to the Michigan Department of Insurance and Financial Services

      The Department of Insurance and Financial Services (DIFS) Office of Consumer Services gives information and investigates complaints about insurance, banks, mortgages and other financial products. First try to resolve the issue with your company. If it is not resolved, DIFS can help. You can call Monday through Friday, 8 a.m. to 5 p.m., at 877-999-6442.

      Michigan Department of Insurance and Financial Services (DIFS) · Verified October 31, 2026

    • Michigan Basic Property Insurance Association (the "pool" or FAIR plan)

      Anyone with an insurable interest in property may apply for basic property insurance to the Michigan Basic Property Insurance Association. Among other conditions, the property must have been inspected in the last 6 months and you must have made a good-faith effort to get that insurance through the normal market.

      Michigan Legislature (Michigan Compiled Laws) · Verified October 31, 2026

    Guides

    Guides for you in Michigan

    We picked them with the numbers of Michigan. Each one says why it can help you.

    Frequently asked questions about housing in Michigan

    What is the FHA limit in Michigan in 2026?

    In Michigan, the FHA limit for a one-unit home is $541,287 in every one of its counties.

    How much does a typical home cost in Michigan?

    The typical home value in Michigan is $231,600 (Average 2020–2024, U.S. Census). The highest is in Leelanau County ($458,400) and the lowest in Gogebic County ($107,200).

    How much does it cost to rent in Michigan?

    The typical rent in Michigan is $1,129 a month (Average 2020–2024, U.S. Census).

    How much do you need to earn to rent a 2-bedroom apartment in Michigan?

    At HUD's average fair market rent in Michigan ($1,361, Fiscal year 2027), about $26.17 an hour working full time, so rent stays under 30% of income.

    How much is property tax in Michigan?

    The typical property tax in Michigan is $2,904 a year, about 1.25% of home value (Average 2020–2024, U.S. Census).

    Where can I find free help in Spanish to buy a home in Michigan?

    There are 59 HUD-approved counseling agencies in Michigan; 17 say they serve you in Spanish. Each county page lists the closest ones with their phone number.

    Sources: American Community Survey (Average 2020–2024); FHA mortgage limits (2026 data); Conforming loan limits (2026 data); Fair Market Rents (Fiscal year 2027); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (Retrieved November 6, 2026); FHFA House Price Index (2025 data); Homes with flood insurance (As of August 3, 2026); Regional price parities (2024 data); Census Bureau cartographic boundary files (2024 data).