Ottawa County, Michigan Housing Market
In Ottawa County, Michigan, the median home value is $323,400, with a median monthly rent of $1,211. This places Ottawa County at #518 nationally out of 3134 counties by median home value, and #6 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: $1,172
- Establishments: 7,042
- BLS QCEW, 2025
Housing Supply
- Single-family: 868
- Multi-family: 543
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 121,464 (avg $99,603)
- Outflow: 117,416 (avg $99,739)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Ottawa County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49460 | 249.3 | -2.56% | 2025 |
| 2 | 49401 | 256.2 | +6.41% | 2025 |
| 3 | 49417 | 263.1 | +5.24% | 2025 |
| 4 | 49424 | 251.7 | +4.51% | 2025 |
| 5 | 49428 | 252.9 | +3.23% | 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 Ottawa County Compares
| Metric | Ottawa County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $323,400 | $197,292 | $227,706 |
| Median Gross Rent | $1,211 | $905 | $968 |
| Owner Occupancy Rate | 79.3% | 80.2% | 73.3% |
| Price/Rent Ratio | 22.3 | 17.9 | 18.7 |
Market Analysis
The median home value in Ottawa County is 63.9% above the Michigan state average and 42.0% above the U.S. national average. The median rent of $1,211/month is 33.8% above the state average.
With a price-to-rent ratio of 22.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Ottawa County has an owner-occupancy rate of 79.3%, 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 |
|---|---|---|---|
| Southeastern Connecticut Planning Region | Connecticut | $323,400 | $1,365 |
| Benton County | Arkansas | $323,500 | $1,277 |
| Centre County | Pennsylvania | $323,500 | $1,207 |
| Kenai Peninsula Borough | Alaska | $323,200 | $1,184 |
| Capitol Planning Region | Connecticut | $323,700 | $1,411 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Emmet County | $315,700 | $1,112 | 77.0% |
| Grand Traverse County | $339,400 | $1,288 | 77.2% |
| Oakland County | $343,600 | $1,376 | 72.7% |
| Livingston County | $356,800 | $1,287 | 86.9% |
| Kent County | $289,900 | $1,243 | 70.3% |
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).