Dickinson County, Michigan Housing Market

In Dickinson County, Michigan, the median home value is $153,300, with a median monthly rent of $797. This places Dickinson County at #2175 nationally out of 3134 counties by median home value, and #66 within Michigan.

Median Home Value $153,300
Median Rent $797/mo
Owner Occupancy 82.4%
Price/Rent Ratio 16.0

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Dickinson County rose +5.2% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

11,168
jobs (private sector)
  • Avg weekly wage: $1,119
  • Establishments: 808
  • BLS QCEW, 2025
🏗️

Housing Supply

46
new units authorized (2025)
  • Single-family: 34
  • Multi-family: 12
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+653
net migration (filers, 2021-2022)
  • Inflow: 11,583 (avg $68,708)
  • Outflow: 10,930 (avg $69,401)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 4 active ZIP codes in Dickinson County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 49876 254.3 — 2025
2 49802 260.7 +6.39% 2025
3 49870 222.3 -7.08% 2025
4 49801 222.2 +5.87% 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.

How Dickinson County Compares

MetricDickinson CountyMichigan AverageU.S. Average
Median Home Value $153,300 $197,292 $227,706
Median Gross Rent $797 $905 $968
Owner Occupancy Rate 82.4% 80.2% 73.3%
Price/Rent Ratio 16.0 17.9 18.7

Market Analysis

The median home value in Dickinson County is 22.3% below the Michigan state average and 32.7% below the U.S. national average. The median rent of $797/month is 11.9% below the state average.

With a price-to-rent ratio of 16.0, the buy-vs-rent decision in Dickinson County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Dickinson County has an owner-occupancy rate of 82.4%, 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

CountyStateMedian Home ValueMedian Rent
Pierce County Georgia $153,300 $799
Greene County Indiana $153,200 $797
Muskogee County Oklahoma $153,200 $849
Crawford County Pennsylvania $153,200 $802
Patrick County Virginia $153,400 $716

Other Counties in Michigan

CountyMedian Home ValueMedian RentOwner Occ.
Saginaw County $152,800 $947 74.1%
Alpena County $153,900 $673 80.0%
Huron County $154,300 $788 81.8%
Bay County $152,200 $860 77.0%
Menominee County $151,800 $692 80.7%

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).