Charlevoix County, Michigan Housing Market
In Charlevoix County, Michigan, the median home value is $276,800, with a median monthly rent of $949. This places Charlevoix County at #743 nationally out of 3134 counties by median home value, and #10 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: $1,150
- Establishments: 882
- BLS QCEW, 2025
Housing Supply
- Single-family: 111
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,192 (avg $100,707)
- Outflow: 11,429 (avg $97,337)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Charlevoix County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49795 | 222.5 | — | 2025 |
| 2 | 49770 | 265.5 | +4.71% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Charlevoix County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Charlevoix County →How Charlevoix County Compares
| Metric | Charlevoix County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $276,800 | $197,292 | $227,706 |
| Median Gross Rent | $949 | $905 | $968 |
| Owner Occupancy Rate | 83.5% | 80.2% | 73.3% |
| Price/Rent Ratio | 24.3 | 17.9 | 18.7 |
Market Analysis
The median home value in Charlevoix County is 40.3% above the Michigan state average and 21.6% above the U.S. national average. The median rent of $949/month is 4.9% above the state average.
With a price-to-rent ratio of 24.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Charlevoix County has an owner-occupancy rate of 83.5%, 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 |
|---|---|---|---|
| St. Louis County | Missouri | $276,800 | $1,209 |
| Harris County | Texas | $276,600 | $1,401 |
| Boone County | Kentucky | $277,300 | $1,373 |
| Hernando County | Florida | $276,000 | $1,298 |
| Effingham County | Georgia | $276,000 | $1,147 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Benzie County | $285,700 | $1,026 | 87.8% |
| Allegan County | $267,100 | $1,100 | 87.4% |
| Barry County | $264,100 | $972 | 87.3% |
| Kent County | $289,900 | $1,243 | 70.3% |
| 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).