Emmet County, Michigan Housing Market
In Emmet County, Michigan, the median home value is $315,700, with a median monthly rent of $1,112. This places Emmet County at #546 nationally out of 3134 counties by median home value, and #7 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: $1,115
- Establishments: 1,557
- BLS QCEW, 2025
Housing Supply
- Single-family: 135
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 15,833 (avg $106,644)
- Outflow: 14,905 (avg $103,121)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Emmet County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49740 | 251.3 | -3.32% | 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 Emmet County Compares
| Metric | Emmet County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $315,700 | $197,292 | $227,706 |
| Median Gross Rent | $1,112 | $905 | $968 |
| Owner Occupancy Rate | 77.0% | 80.2% | 73.3% |
| Price/Rent Ratio | 23.7 | 17.9 | 18.7 |
Market Analysis
The median home value in Emmet County is 60.0% above the Michigan state average and 38.6% above the U.S. national average. The median rent of $1,112/month is 22.9% above the state average.
With a price-to-rent ratio of 23.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Emmet County has an owner-occupancy rate of 77.0%, 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 |
|---|---|---|---|
| Orleans Parish | Louisiana | $315,700 | $1,251 |
| King William County | Virginia | $315,700 | $1,166 |
| Lafayette County | Mississippi | $315,400 | $1,085 |
| Towns County | Georgia | $316,100 | $808 |
| Louisa County | Virginia | $315,300 | $1,220 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ottawa County | $323,400 | $1,211 | 79.3% |
| Grand Traverse County | $339,400 | $1,288 | 77.2% |
| Kent County | $289,900 | $1,243 | 70.3% |
| Oakland County | $343,600 | $1,376 | 72.7% |
| Benzie County | $285,700 | $1,026 | 87.8% |
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).