Ranked from ACS 2023 5-Year
Highest Price-to-Rent Ratios in Michigan
The counties where a home costs the most years of rent. A high ratio does not mean a place is overpriced. It can also mean rents are held down, or that buyers are paying for land, schools or a view that a renter cannot get at any price. It does mean the arithmetic of buying rests more on what the house is worth later and less on what it saves you each month. Median home value over twelve months of median gross rent, both Census five-year estimates.
Michigan ranked
| # | County | Price-to-rent | Median home | Median rent |
|---|---|---|---|---|
| 1 | Leelanau County | 27.7 yrs | $406,900 | $1,223 |
| 2 | Livingston County | 22.3 yrs | $331,100 | $1,236 |
| 3 | Keweenaw County | 22.3 yrs | $181,400 | $679 |
| 4 | Emmet County | 22.2 yrs | $275,300 | $1,033 |
| 5 | Charlevoix County | 21.8 yrs | $242,800 | $929 |
| 6 | Benzie County | 21.8 yrs | $254,400 | $974 |
| 7 | Barry County | 21.3 yrs | $243,700 | $955 |
| 8 | Ottawa County | 21.1 yrs | $291,200 | $1,148 |
| 9 | Washtenaw County | 21.0 yrs | $353,000 | $1,400 |
| 10 | Grand Traverse County | 20.3 yrs | $296,200 | $1,215 |
| 11 | Oakland County | 20.2 yrs | $320,400 | $1,319 |
| 12 | Antrim County | 20.2 yrs | $222,500 | $920 |
| 13 | Lapeer County | 19.9 yrs | $229,100 | $959 |
| 14 | Mason County | 19.8 yrs | $199,300 | $840 |
| 15 | Cass County | 19.7 yrs | $205,200 | $870 |
| 16 | Clinton County | 19.5 yrs | $243,700 | $1,039 |
| 17 | Alger County | 19.4 yrs | $165,700 | $712 |
| 18 | Allegan County | 19.3 yrs | $247,000 | $1,065 |
| 19 | Berrien County | 19.1 yrs | $211,400 | $923 |
| 20 | Kalkaska County | 18.9 yrs | $174,300 | $767 |
| 21 | Kent County | 18.8 yrs | $265,700 | $1,176 |
| 22 | Ionia County | 18.8 yrs | $189,400 | $840 |
| 23 | Van Buren County | 18.7 yrs | $189,900 | $845 |
| 24 | Baraga County | 18.6 yrs | $124,400 | $557 |
| 25 | Otsego County | 18.6 yrs | $196,500 | $880 |
| 26 | Gladwin County | 18.5 yrs | $153,200 | $689 |
| 27 | Marquette County | 18.2 yrs | $202,000 | $923 |
| 28 | Oceana County | 18.2 yrs | $167,600 | $768 |
| 29 | Mackinac County | 18.1 yrs | $165,600 | $761 |
| 30 | Kalamazoo County | 18.1 yrs | $227,500 | $1,049 |
| 31 | Presque Isle County | 18.0 yrs | $135,200 | $625 |
| 32 | St. Clair County | 17.8 yrs | $213,900 | $999 |
| 33 | Cheboygan County | 17.8 yrs | $175,200 | $822 |
| 34 | Hillsdale County | 17.7 yrs | $170,500 | $801 |
| 35 | Monroe County | 17.7 yrs | $215,700 | $1,017 |
| 36 | Menominee County | 17.6 yrs | $142,700 | $675 |
| 37 | Delta County | 17.5 yrs | $146,800 | $698 |
| 38 | Alpena County | 17.4 yrs | $137,800 | $660 |
| 39 | Manistee County | 16.9 yrs | $166,600 | $820 |
| 40 | St. Joseph County | 16.9 yrs | $167,600 | $825 |
| 41 | Newaygo County | 16.8 yrs | $178,300 | $882 |
| 42 | Alcona County | 16.6 yrs | $157,500 | $790 |
| 43 | Sanilac County | 16.6 yrs | $162,200 | $814 |
| 44 | Iron County | 16.6 yrs | $101,500 | $510 |
| 45 | Montcalm County | 16.5 yrs | $172,100 | $867 |
| 46 | Eaton County | 16.5 yrs | $206,700 | $1,042 |
| 47 | Macomb County | 16.4 yrs | $231,400 | $1,175 |
| 48 | Mecosta County | 16.3 yrs | $169,900 | $867 |
| 49 | Missaukee County | 16.3 yrs | $163,700 | $838 |
| 50 | Chippewa County | 16.1 yrs | $153,100 | $793 |
| 51 | Isabella County | 15.9 yrs | $165,100 | $863 |
| 52 | Jackson County | 15.9 yrs | $182,900 | $958 |
| 53 | Huron County | 15.8 yrs | $141,300 | $743 |
| 54 | Midland County | 15.8 yrs | $184,300 | $974 |
| 55 | Schoolcraft County | 15.7 yrs | $123,500 | $654 |
| 56 | Muskegon County | 15.7 yrs | $180,900 | $960 |
| 57 | Shiawassee County | 15.7 yrs | $164,600 | $876 |
| 58 | Lenawee County | 15.6 yrs | $181,100 | $965 |
| 59 | Roscommon County | 15.6 yrs | $148,000 | $789 |
| 60 | Oscoda County | 15.6 yrs | $126,000 | $675 |
| 61 | Iosco County | 15.5 yrs | $122,900 | $659 |
| 62 | Genesee County | 15.4 yrs | $172,900 | $936 |
| 63 | Houghton County | 15.2 yrs | $140,300 | $767 |
| 64 | Wexford County | 15.2 yrs | $160,300 | $877 |
| 65 | Osceola County | 15.2 yrs | $139,600 | $764 |
| 66 | Crawford County | 15.1 yrs | $149,900 | $825 |
| 67 | Ingham County | 14.8 yrs | $187,500 | $1,058 |
| 68 | Ontonagon County | 14.7 yrs | $101,000 | $571 |
| 69 | Dickinson County | 14.6 yrs | $130,300 | $744 |
| 70 | Montmorency County | 14.6 yrs | $142,000 | $811 |
| 71 | Arenac County | 14.5 yrs | $129,000 | $741 |
| 72 | Gogebic County | 14.4 yrs | $99,700 | $577 |
| 73 | Tuscola County | 14.3 yrs | $136,900 | $796 |
| 74 | Gratiot County | 14.1 yrs | $136,800 | $808 |
| 75 | Ogemaw County | 13.9 yrs | $138,600 | $828 |
| 76 | Bay County | 13.9 yrs | $135,100 | $809 |
| 77 | Branch County | 13.7 yrs | $147,500 | $900 |
| 78 | Calhoun County | 13.5 yrs | $151,500 | $937 |
| 79 | Clare County | 13.2 yrs | $117,400 | $743 |
| 80 | Wayne County | 13.0 yrs | $170,200 | $1,087 |
| 81 | Saginaw County | 12.6 yrs | $139,400 | $921 |
| 82 | Lake County | 11.9 yrs | $122,900 | $863 |
| 83 | Luce County | 11.5 yrs | $110,400 | $799 |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Highest Price-to-Rent Ratios across all 3,133 US counties · Every county in Michigan