Benzie County, Michigan Housing Market
In Benzie County, Michigan, the median home value is $285,700, with a median monthly rent of $1,026. This places Benzie County at #696 nationally out of 3134 counties by median home value, and #9 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: $873
- Establishments: 480
- BLS QCEW, 2025
Housing Supply
- Single-family: 136
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,404 (avg $77,584)
- Outflow: 7,821 (avg $75,704)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Benzie County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49630 | 303.6 | +10.82% | 2025 |
| 2 | 49683 | 291.7 | +27.85% | 2025 |
| 3 | 49650 | 321.9 | +6.38% | 2025 |
| 4 | 49635 | 341.2 | +6.84% | 2025 |
| 5 | 49640 | 327.5 | +8.89% | 2024 |
| 6 | 49617 | 265.0 | +15.93% | 2025 |
| 7 | 49643 | 289.0 | +0.24% | 2025 |
| 8 | 49684 | 296.6 | +1.73% | 2025 |
| 9 | 49616 | 228.0 | +41.14% | 2022 |
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 Benzie County Compares
| Metric | Benzie County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $285,700 | $197,292 | $227,706 |
| Median Gross Rent | $1,026 | $905 | $968 |
| Owner Occupancy Rate | 87.8% | 80.2% | 73.3% |
| Price/Rent Ratio | 23.2 | 17.9 | 18.7 |
Market Analysis
The median home value in Benzie County is 44.8% above the Michigan state average and 25.5% above the U.S. national average. The median rent of $1,026/month is 13.4% above the state average.
With a price-to-rent ratio of 23.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Benzie County has an owner-occupancy rate of 87.8%, 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 |
|---|---|---|---|
| Baker County | Oregon | $285,600 | $865 |
| Crook County | Wyoming | $285,800 | $852 |
| Johnson County | Texas | $285,900 | $1,398 |
| Roanoke County | Virginia | $286,000 | $1,224 |
| Moore County | Tennessee | $285,300 | $841 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kent County | $289,900 | $1,243 | 70.3% |
| Charlevoix County | $276,800 | $949 | 83.5% |
| Allegan County | $267,100 | $1,100 | 87.4% |
| Barry County | $264,100 | $972 | 87.3% |
| Clinton County | $259,500 | $1,092 | 82.2% |
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).