Arenac County, Michigan Housing Market
In Arenac County, Michigan, the median home value is $150,600, with a median monthly rent of $761. This places Arenac County at #2231 nationally out of 3134 counties by median home value, and #71 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: $943
- Establishments: 335
- BLS QCEW, 2025
Housing Supply
- Single-family: 35
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,550 (avg $59,229)
- Outflow: 6,193 (avg $59,238)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Arenac County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 48756 | 207.7 | +20.67% | 2025 |
| 2 | 48658 | 232.2 | +41.54% | 2025 |
| 3 | 48703 | 228.6 | -0.48% | 2025 |
| 4 | 48610 | 175.4 | +1.52% | 2025 |
| 5 | 48650 | 166.0 | -13.24% | 2025 |
| 6 | 48659 | 155.8 | — | 2024 |
| 7 | 48763 | 223.7 | -2.86% | 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 Arenac County Compares
| Metric | Arenac County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $150,600 | $197,292 | $227,706 |
| Median Gross Rent | $761 | $905 | $968 |
| Owner Occupancy Rate | 86.2% | 80.2% | 73.3% |
| Price/Rent Ratio | 16.5 | 17.9 | 18.7 |
Market Analysis
The median home value in Arenac County is 23.7% below the Michigan state average and 33.9% below the U.S. national average. The median rent of $761/month is 15.9% below the state average.
With a price-to-rent ratio of 16.5, the buy-vs-rent decision in Arenac County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Arenac County has an owner-occupancy rate of 86.2%, 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 |
|---|---|---|---|
| Lyon County | Kansas | $150,600 | $817 |
| Somerset County | Pennsylvania | $150,600 | $753 |
| Saline County | Missouri | $150,500 | $739 |
| Sampson County | North Carolina | $150,700 | $834 |
| Jackson County | Ohio | $150,700 | $769 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Presque Isle County | $151,300 | $683 | 88.7% |
| Tuscola County | $149,500 | $819 | 86.4% |
| Menominee County | $151,800 | $692 | 80.7% |
| Bay County | $152,200 | $860 | 77.0% |
| Saginaw County | $152,800 | $947 | 74.1% |
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).