Isabella County, Michigan Housing Market
In Isabella County, Michigan, the median home value is $170,400, with a median monthly rent of $913. This places Isabella County at #1798 nationally out of 3134 counties by median home value, and #47 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: $982
- Establishments: 1,380
- BLS QCEW, 2025
Housing Supply
- Single-family: 88
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 24,169 (avg $66,679)
- Outflow: 22,919 (avg $67,116)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Isabella County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49305 | 295.1 | +16.54% | 2025 |
| 2 | 49310 | 233.5 | +13.06% | 2025 |
| 3 | 48829 | 195.2 | -3.11% | 2025 |
| 4 | 48893 | 250.9 | +6.61% | 2025 |
| 5 | 48858 | 194.3 | +5.75% | 2025 |
| 6 | 48878 | 173.4 | -9.18% | 2024 |
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 Isabella County Compares
| Metric | Isabella County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $170,400 | $197,292 | $227,706 |
| Median Gross Rent | $913 | $905 | $968 |
| Owner Occupancy Rate | 61.8% | 80.2% | 73.3% |
| Price/Rent Ratio | 15.6 | 17.9 | 18.7 |
Market Analysis
The median home value in Isabella County is 13.6% below the Michigan state average and 25.2% below the U.S. national average. The median rent of $913/month is 0.9% above the state average.
With a price-to-rent ratio of 15.6, the buy-vs-rent decision in Isabella County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Isabella County has an owner-occupancy rate of 61.8%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Wexford County | Michigan | $170,400 | $897 |
| Missaukee County | Michigan | $170,400 | $891 |
| Genesee County | New York | $170,500 | $929 |
| Ashland County | Wisconsin | $170,300 | $721 |
| McDuffie County | Georgia | $170,200 | $792 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wexford County | $170,400 | $897 | 80.9% |
| Missaukee County | $170,400 | $891 | 84.9% |
| Keweenaw County | $169,800 | $688 | 90.7% |
| Shiawassee County | $171,600 | $899 | 80.1% |
| Sanilac County | $168,300 | $807 | 82.6% |
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).