Mackinac County, Michigan Housing Market
In Mackinac County, Michigan, the median home value is $174,500, with a median monthly rent of $760. This places Mackinac County at #1716 nationally out of 3134 counties by median home value, and #45 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: $1,018
- Establishments: 463
- BLS QCEW, 2025
Housing Supply
- Single-family: 45
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,266 (avg $70,620)
- Outflow: 4,777 (avg $66,501)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Mackinac County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49781 | 245.5 | +0.27% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Mackinac County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Mackinac County →How Mackinac County Compares
| Metric | Mackinac County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $174,500 | $197,292 | $227,706 |
| Median Gross Rent | $760 | $905 | $968 |
| Owner Occupancy Rate | 77.9% | 80.2% | 73.3% |
| Price/Rent Ratio | 19.1 | 17.9 | 18.7 |
Market Analysis
The median home value in Mackinac County is 11.6% below the Michigan state average and 23.4% below the U.S. national average. The median rent of $760/month is 16.0% below the state average.
With a price-to-rent ratio of 19.1, the buy-vs-rent decision in Mackinac County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Mackinac County has an owner-occupancy rate of 77.9%, 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 |
|---|---|---|---|
| Bibb County | Georgia | $174,500 | $1,066 |
| Baxter County | Arkansas | $174,600 | $846 |
| Tipton County | Indiana | $174,600 | $842 |
| Livingston County | New York | $174,600 | $931 |
| Taylor County | Kentucky | $174,200 | $718 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hillsdale County | $176,100 | $832 | 82.0% |
| Alger County | $176,200 | $714 | 86.3% |
| Shiawassee County | $171,600 | $899 | 80.1% |
| St. Joseph County | $178,300 | $849 | 76.1% |
| Wayne County | $178,500 | $1,132 | 64.8% |
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).