Iosco County, Michigan Housing Market
In Iosco County, Michigan, the median home value is $142,200, with a median monthly rent of $719. This places Iosco County at #2345 nationally out of 3134 counties by median home value, and #74 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: $1,211
- Establishments: 604
- BLS QCEW, 2025
Housing Supply
- Single-family: 47
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,128 (avg $56,833)
- Outflow: 10,327 (avg $56,210)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Iosco County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 48730 | 243.9 | +17.55% | 2025 |
| 2 | 48739 | 227.1 | +12.43% | 2025 |
| 3 | 48748 | 194.7 | +4.56% | 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 Iosco County Compares
| Metric | Iosco County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $142,200 | $197,292 | $227,706 |
| Median Gross Rent | $719 | $905 | $968 |
| Owner Occupancy Rate | 82.1% | 80.2% | 73.3% |
| Price/Rent Ratio | 16.5 | 17.9 | 18.7 |
Market Analysis
The median home value in Iosco County is 27.9% below the Michigan state average and 37.6% below the U.S. national average. The median rent of $719/month is 20.6% below the state average.
With a price-to-rent ratio of 16.5, the buy-vs-rent decision in Iosco County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Iosco County has an owner-occupancy rate of 82.1%, 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 |
|---|---|---|---|
| Livingston County | Illinois | $142,200 | $880 |
| Alcorn County | Mississippi | $142,100 | $751 |
| Elbert County | Georgia | $142,000 | $844 |
| Itawamba County | Mississippi | $142,400 | $811 |
| Cherokee County | South Carolina | $142,000 | $869 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Schoolcraft County | $141,800 | $705 | 86.6% |
| Baraga County | $138,100 | $616 | 78.5% |
| Gratiot County | $147,500 | $834 | 78.9% |
| Tuscola County | $149,500 | $819 | 86.4% |
| Lake County | $133,900 | $875 | 82.0% |
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).