Gladwin County, Michigan Housing Market
In Gladwin County, Michigan, the median home value is $162,300, with a median monthly rent of $690. This places Gladwin County at #1970 nationally out of 3134 counties by median home value, and #56 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: $963
- Establishments: 437
- BLS QCEW, 2025
Housing Supply
- Single-family: 93
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,580 (avg $59,990)
- Outflow: 9,971 (avg $59,328)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Gladwin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 48628 | 191.7 | — | 2025 |
| 2 | 48618 | 207.5 | +1.56% | 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 Gladwin County Compares
| Metric | Gladwin County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $162,300 | $197,292 | $227,706 |
| Median Gross Rent | $690 | $905 | $968 |
| Owner Occupancy Rate | 86.1% | 80.2% | 73.3% |
| Price/Rent Ratio | 19.6 | 17.9 | 18.7 |
Market Analysis
The median home value in Gladwin County is 17.7% below the Michigan state average and 28.7% below the U.S. national average. The median rent of $690/month is 23.8% below the state average.
With a price-to-rent ratio of 19.6, the buy-vs-rent decision in Gladwin County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Gladwin County has an owner-occupancy rate of 86.1%, 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 |
|---|---|---|---|
| Lanier County | Georgia | $162,300 | $913 |
| Wyoming County | New York | $162,300 | $802 |
| Watonwan County | Minnesota | $162,400 | $834 |
| Dickey County | North Dakota | $162,400 | $840 |
| Northumberland County | Pennsylvania | $162,400 | $806 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Branch County | $162,500 | $959 | 77.7% |
| Chippewa County | $161,900 | $797 | 75.0% |
| Alcona County | $162,800 | $867 | 89.6% |
| Calhoun County | $162,800 | $968 | 72.7% |
| Crawford County | $163,000 | $862 | 79.6% |
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).