Wexford County, Michigan Housing Market
In Wexford County, Michigan, the median home value is $170,400, with a median monthly rent of $897. This places Wexford County at #1799 nationally out of 3134 counties by median home value, and #48 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: $1,028
- Establishments: 854
- BLS QCEW, 2025
Housing Supply
- Single-family: 72
- Multi-family: 119
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,199 (avg $59,671)
- Outflow: 13,309 (avg $59,489)
- IRS Statistics of Income
🔗 Explore Wexford County on Our Sister Sites
Get the complete picture for Wexford County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Wexford County Compares
| Metric | Wexford County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $170,400 | $197,292 | $227,706 |
| Median Gross Rent | $897 | $905 | $968 |
| Owner Occupancy Rate | 80.9% | 80.2% | 73.3% |
| Price/Rent Ratio | 15.8 | 17.9 | 18.7 |
Market Analysis
The median home value in Wexford County is 13.6% below the Michigan state average and 25.2% below the U.S. national average. The median rent of $897/month is 0.9% below the state average.
With a price-to-rent ratio of 15.8, the buy-vs-rent decision in Wexford County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Wexford County has an owner-occupancy rate of 80.9%, 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 |
|---|---|---|---|
| Isabella County | Michigan | $170,400 | $913 |
| Missaukee County | Michigan | $170,400 | $891 |
| Genesee County | New York | $170,500 | $929 |
| Ashland County | Wisconsin | $170,300 | $721 |
| McDuffie County | Georgia | $170,200 | $792 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Isabella County | $170,400 | $913 | 61.8% |
| Missaukee County | $170,400 | $891 | 84.9% |
| Keweenaw County | $169,800 | $688 | 90.7% |
| Shiawassee County | $171,600 | $899 | 80.1% |
| Sanilac County | $168,300 | $807 | 82.6% |
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).