Oceana County, Michigan Housing Market
In Oceana County, Michigan, the median home value is $190,100, with a median monthly rent of $759. This places Oceana County at #1512 nationally out of 3134 counties by median home value, and #34 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: $880
- Establishments: 536
- BLS QCEW, 2025
Housing Supply
- Single-family: 134
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,915 (avg $62,733)
- Outflow: 10,433 (avg $60,065)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Oceana County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49446 | 210.8 | -10.77% | 2025 |
| 2 | 49452 | 266.0 | -13.26% | 2025 |
| 3 | 49436 | 331.8 | +1.61% | 2025 |
| 4 | 49420 | 228.4 | -1.10% | 2025 |
| 5 | 49455 | 240.6 | +12.60% | 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 Oceana County Compares
| Metric | Oceana County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $190,100 | $197,292 | $227,706 |
| Median Gross Rent | $759 | $905 | $968 |
| Owner Occupancy Rate | 84.5% | 80.2% | 73.3% |
| Price/Rent Ratio | 20.9 | 17.9 | 18.7 |
Market Analysis
The median home value in Oceana County is 3.6% below the Michigan state average and 16.5% below the U.S. national average. The median rent of $759/month is 16.1% below the state average.
With a price-to-rent ratio of 20.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Oceana County has an owner-occupancy rate of 84.5%, 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 |
|---|---|---|---|
| Dallas County | Missouri | $190,300 | $642 |
| Polk County | Nebraska | $189,900 | $681 |
| Wharton County | Texas | $189,900 | $1,046 |
| Webb County | Texas | $189,900 | $1,027 |
| Pulaski County | Missouri | $189,800 | $1,112 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kalkaska County | $188,900 | $853 | 88.2% |
| Cheboygan County | $192,500 | $773 | 85.6% |
| Newaygo County | $186,700 | $904 | 86.5% |
| Jackson County | $193,700 | $985 | 75.0% |
| Montcalm County | $185,500 | $869 | 83.1% |
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).