Baraga County, Michigan Housing Market
In Baraga County, Michigan, the median home value is $138,100, with a median monthly rent of $616. This places Baraga County at #2390 nationally out of 3134 counties by median home value, and #76 within Michigan.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,030
- Establishments: 178
- BLS QCEW, 2025
Housing Supply
- Single-family: 12
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,182 (avg $57,483)
- Outflow: 3,020 (avg $59,007)
- IRS Statistics of Income
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| Metric | Baraga County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $138,100 | $197,292 | $227,706 |
| Median Gross Rent | $616 | $905 | $968 |
| Owner Occupancy Rate | 78.5% | 80.2% | 73.3% |
| Price/Rent Ratio | 18.7 | 17.9 | 18.7 |
Market Analysis
The median home value in Baraga County is 30.0% below the Michigan state average and 39.4% below the U.S. national average. The median rent of $616/month is 31.9% below the state average.
With a price-to-rent ratio of 18.7, the buy-vs-rent decision in Baraga County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Baraga County has an owner-occupancy rate of 78.5%, 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 |
|---|---|---|---|
| Arkansas County | Arkansas | $138,100 | $843 |
| Evans County | Georgia | $138,200 | $719 |
| Macoupin County | Illinois | $138,200 | $801 |
| Holt County | Missouri | $138,200 | $650 |
| Steuben County | New York | $137,900 | $894 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Schoolcraft County | $141,800 | $705 | 86.6% |
| Iosco County | $142,200 | $719 | 82.1% |
| Lake County | $133,900 | $875 | 82.0% |
| Clare County | $133,800 | $765 | 86.9% |
| Gratiot County | $147,500 | $834 | 78.9% |
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).