Allegan County, Michigan Housing Market
In Allegan County, Michigan, the median home value is $267,100, with a median monthly rent of $1,100. This places Allegan County at #799 nationally out of 3134 counties by median home value, and #11 within Michigan.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,240
- Establishments: 2,665
- BLS QCEW, 2025
Housing Supply
- Single-family: 397
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 50,610 (avg $84,308)
- Outflow: 48,946 (avg $83,143)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Allegan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49070 | 291.1 | +37.72% | 2025 |
| 2 | 49406 | 358.8 | — | 2025 |
| 3 | 49056 | 249.3 | +14.60% | 2025 |
| 4 | 49453 | 347.8 | +3.45% | 2025 |
| 5 | 49010 | 233.2 | +5.35% | 2025 |
| 6 | 49055 | 245.9 | +8.14% | 2025 |
| 7 | 49090 | 330.1 | +10.44% | 2025 |
| 8 | 49423 | 270.9 | +4.29% | 2025 |
| 9 | 49333 | 251.1 | +8.65% | 2025 |
| 10 | 49464 | 260.9 | +6.11% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Allegan County Compares
| Metric | Allegan County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $267,100 | $197,292 | $227,706 |
| Median Gross Rent | $1,100 | $905 | $968 |
| Owner Occupancy Rate | 87.4% | 80.2% | 73.3% |
| Price/Rent Ratio | 20.2 | 17.9 | 18.7 |
Market Analysis
The median home value in Allegan County is 35.4% above the Michigan state average and 17.3% above the U.S. national average. The median rent of $1,100/month is 21.5% above the state average.
With a price-to-rent ratio of 20.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Allegan County has an owner-occupancy rate of 87.4%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Ward County | North Dakota | $267,100 | $1,048 |
| Outagamie County | Wisconsin | $267,300 | $1,057 |
| Shoshone County | Idaho | $267,400 | $943 |
| Warren County | New York | $267,400 | $1,105 |
| Blue Earth County | Minnesota | $266,700 | $1,123 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Barry County | $264,100 | $972 | 87.3% |
| Clinton County | $259,500 | $1,092 | 82.2% |
| Charlevoix County | $276,800 | $949 | 83.5% |
| Antrim County | $255,500 | $902 | 86.4% |
| Benzie County | $285,700 | $1,026 | 87.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).