St. Joseph County, Michigan Housing Market
In St. Joseph County, Michigan, the median home value is $178,300, with a median monthly rent of $849. This places St. Joseph County at #1664 nationally out of 3134 counties by median home value, and #42 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: $1,078
- Establishments: 2,255
- BLS QCEW, 2025
Housing Supply
- Single-family: 142
- Multi-family: 98
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 24,540 (avg $68,159)
- Outflow: 23,610 (avg $68,045)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in St. Joseph County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49032 | 216.6 | +2.94% | 2025 |
| 2 | 49091 | 217.8 | +8.51% | 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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for St. Joseph County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for St. Joseph County →How St. Joseph County Compares
| Metric | St. Joseph County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $178,300 | $197,292 | $227,706 |
| Median Gross Rent | $849 | $905 | $968 |
| Owner Occupancy Rate | 76.1% | 80.2% | 73.3% |
| Price/Rent Ratio | 17.5 | 17.9 | 18.7 |
Market Analysis
The median home value in St. Joseph County is 9.6% below the Michigan state average and 21.7% below the U.S. national average. The median rent of $849/month is 6.2% below the state average.
With a price-to-rent ratio of 17.5, the buy-vs-rent decision in St. Joseph County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
St. Joseph County has an owner-occupancy rate of 76.1%, 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 |
|---|---|---|---|
| Jackson County | Indiana | $178,300 | $1,004 |
| Adams County | Indiana | $178,400 | $833 |
| Gallatin County | Kentucky | $178,200 | $832 |
| Madison County | Arkansas | $178,100 | $729 |
| Richmond County | Georgia | $178,500 | $1,141 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wayne County | $178,500 | $1,132 | 64.8% |
| Mecosta County | $178,900 | $934 | 76.9% |
| Alger County | $176,200 | $714 | 86.3% |
| Hillsdale County | $176,100 | $832 | 82.0% |
| Mackinac County | $174,500 | $760 | 77.9% |
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).