Calhoun County, Michigan Housing Market
In Calhoun County, Michigan, the median home value is $162,800, with a median monthly rent of $968. This places Calhoun County at #1958 nationally out of 3134 counties by median home value, and #54 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: $1,291
- Establishments: 2,629
- BLS QCEW, 2025
Housing Supply
- Single-family: 120
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 52,963 (avg $62,588)
- Outflow: 50,914 (avg $63,015)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Calhoun County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49029 | 181.7 | — | 2025 |
| 2 | 49033 | 200.4 | +10.79% | 2025 |
| 3 | 49284 | 211.6 | — | 2025 |
| 4 | 49012 | 218.0 | — | 2025 |
| 5 | 49076 | 206.4 | +15.11% | 2025 |
| 6 | 49224 | 194.1 | -2.87% | 2025 |
| 7 | 49237 | 197.7 | -7.48% | 2025 |
| 8 | 49034 | 214.2 | +14.72% | 2025 |
| 9 | 49014 | 199.4 | +0.24% | 2025 |
| 10 | 49068 | 191.8 | +5.59% | 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 Calhoun County Compares
| Metric | Calhoun County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $162,800 | $197,292 | $227,706 |
| Median Gross Rent | $968 | $905 | $968 |
| Owner Occupancy Rate | 72.7% | 80.2% | 73.3% |
| Price/Rent Ratio | 14.0 | 17.9 | 18.7 |
Market Analysis
The median home value in Calhoun County is 17.5% below the Michigan state average and 28.5% below the U.S. national average. The median rent of $968/month is 7.0% above the state average.
With a price-to-rent ratio of 14.0, buying a home in Calhoun County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Calhoun County has an owner-occupancy rate of 72.7%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Wayne County | Georgia | $162,800 | $846 |
| Alcona County | Michigan | $162,800 | $867 |
| Oldham County | Texas | $162,800 | $1,111 |
| Preston County | West Virginia | $162,800 | $750 |
| Otero County | New Mexico | $162,700 | $962 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Alcona County | $162,800 | $867 | 89.6% |
| Crawford County | $163,000 | $862 | 79.6% |
| Branch County | $162,500 | $959 | 77.7% |
| Gladwin County | $162,300 | $690 | 86.1% |
| Chippewa County | $161,900 | $797 | 75.0% |
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).