Newaygo County, Michigan Housing Market
In Newaygo County, Michigan, the median home value is $186,700, with a median monthly rent of $904. This places Newaygo County at #1552 nationally out of 3134 counties by median home value, and #36 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: $964
- Establishments: 841
- BLS QCEW, 2025
Housing Supply
- Single-family: 109
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 20,156 (avg $62,095)
- Outflow: 19,373 (avg $61,928)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Newaygo County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49421 | 270.6 | +5.21% | 2025 |
| 2 | 49349 | 209.5 | -4.25% | 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 Newaygo County Compares
| Metric | Newaygo County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $186,700 | $197,292 | $227,706 |
| Median Gross Rent | $904 | $905 | $968 |
| Owner Occupancy Rate | 86.5% | 80.2% | 73.3% |
| Price/Rent Ratio | 17.2 | 17.9 | 18.7 |
Market Analysis
The median home value in Newaygo County is 5.4% below the Michigan state average and 18.0% below the U.S. national average. The median rent of $904/month is about equal to the state average.
With a price-to-rent ratio of 17.2, the buy-vs-rent decision in Newaygo County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Newaygo County has an owner-occupancy rate of 86.5%, 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 |
|---|---|---|---|
| Heard County | Georgia | $186,800 | $917 |
| Ashland County | Ohio | $186,800 | $888 |
| Campbell County | Tennessee | $186,500 | $716 |
| Manitowoc County | Wisconsin | $186,900 | $797 |
| Stark County | Ohio | $186,400 | $909 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Montcalm County | $185,500 | $869 | 83.1% |
| Kalkaska County | $188,900 | $853 | 88.2% |
| Oceana County | $190,100 | $759 | 84.5% |
| Genesee County | $182,400 | $989 | 70.7% |
| Manistee County | $182,200 | $842 | 85.8% |
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).