Ranked from ACS 2023 5-Year
Lowest Price-to-Rent Ratios in Michigan
Price-to-rent is the median home value divided by a year of median gross rent, so a ratio of 12 means the house costs about twelve years of rent. Low ratios are where buying is cheapest against the local alternative. It is the one comparison on this site that assumes nothing about mortgage rates, down payment or how long you stay, which is why it travels well between counties. Both figures are Census five-year estimates for the same period, and rent here includes the utilities a tenant pays.
Michigan ranked
| # | County | Price-to-rent | Median home | Median rent |
|---|---|---|---|---|
| 1 | Luce County | 11.5 yrs | $110,400 | $799 |
| 2 | Lake County | 11.9 yrs | $122,900 | $863 |
| 3 | Saginaw County | 12.6 yrs | $139,400 | $921 |
| 4 | Wayne County | 13.0 yrs | $170,200 | $1,087 |
| 5 | Clare County | 13.2 yrs | $117,400 | $743 |
| 6 | Calhoun County | 13.5 yrs | $151,500 | $937 |
| 7 | Branch County | 13.7 yrs | $147,500 | $900 |
| 8 | Bay County | 13.9 yrs | $135,100 | $809 |
| 9 | Ogemaw County | 13.9 yrs | $138,600 | $828 |
| 10 | Gratiot County | 14.1 yrs | $136,800 | $808 |
| 11 | Tuscola County | 14.3 yrs | $136,900 | $796 |
| 12 | Gogebic County | 14.4 yrs | $99,700 | $577 |
| 13 | Arenac County | 14.5 yrs | $129,000 | $741 |
| 14 | Montmorency County | 14.6 yrs | $142,000 | $811 |
| 15 | Dickinson County | 14.6 yrs | $130,300 | $744 |
| 16 | Ontonagon County | 14.7 yrs | $101,000 | $571 |
| 17 | Ingham County | 14.8 yrs | $187,500 | $1,058 |
| 18 | Crawford County | 15.1 yrs | $149,900 | $825 |
| 19 | Osceola County | 15.2 yrs | $139,600 | $764 |
| 20 | Wexford County | 15.2 yrs | $160,300 | $877 |
| 21 | Houghton County | 15.2 yrs | $140,300 | $767 |
| 22 | Genesee County | 15.4 yrs | $172,900 | $936 |
| 23 | Iosco County | 15.5 yrs | $122,900 | $659 |
| 24 | Oscoda County | 15.6 yrs | $126,000 | $675 |
| 25 | Roscommon County | 15.6 yrs | $148,000 | $789 |
| 26 | Lenawee County | 15.6 yrs | $181,100 | $965 |
| 27 | Shiawassee County | 15.7 yrs | $164,600 | $876 |
| 28 | Muskegon County | 15.7 yrs | $180,900 | $960 |
| 29 | Schoolcraft County | 15.7 yrs | $123,500 | $654 |
| 30 | Midland County | 15.8 yrs | $184,300 | $974 |
| 31 | Huron County | 15.8 yrs | $141,300 | $743 |
| 32 | Jackson County | 15.9 yrs | $182,900 | $958 |
| 33 | Isabella County | 15.9 yrs | $165,100 | $863 |
| 34 | Chippewa County | 16.1 yrs | $153,100 | $793 |
| 35 | Missaukee County | 16.3 yrs | $163,700 | $838 |
| 36 | Mecosta County | 16.3 yrs | $169,900 | $867 |
| 37 | Macomb County | 16.4 yrs | $231,400 | $1,175 |
| 38 | Eaton County | 16.5 yrs | $206,700 | $1,042 |
| 39 | Montcalm County | 16.5 yrs | $172,100 | $867 |
| 40 | Iron County | 16.6 yrs | $101,500 | $510 |
| 41 | Sanilac County | 16.6 yrs | $162,200 | $814 |
| 42 | Alcona County | 16.6 yrs | $157,500 | $790 |
| 43 | Newaygo County | 16.8 yrs | $178,300 | $882 |
| 44 | St. Joseph County | 16.9 yrs | $167,600 | $825 |
| 45 | Manistee County | 16.9 yrs | $166,600 | $820 |
| 46 | Alpena County | 17.4 yrs | $137,800 | $660 |
| 47 | Delta County | 17.5 yrs | $146,800 | $698 |
| 48 | Menominee County | 17.6 yrs | $142,700 | $675 |
| 49 | Monroe County | 17.7 yrs | $215,700 | $1,017 |
| 50 | Hillsdale County | 17.7 yrs | $170,500 | $801 |
| 51 | Cheboygan County | 17.8 yrs | $175,200 | $822 |
| 52 | St. Clair County | 17.8 yrs | $213,900 | $999 |
| 53 | Presque Isle County | 18.0 yrs | $135,200 | $625 |
| 54 | Kalamazoo County | 18.1 yrs | $227,500 | $1,049 |
| 55 | Mackinac County | 18.1 yrs | $165,600 | $761 |
| 56 | Oceana County | 18.2 yrs | $167,600 | $768 |
| 57 | Marquette County | 18.2 yrs | $202,000 | $923 |
| 58 | Gladwin County | 18.5 yrs | $153,200 | $689 |
| 59 | Otsego County | 18.6 yrs | $196,500 | $880 |
| 60 | Baraga County | 18.6 yrs | $124,400 | $557 |
| 61 | Van Buren County | 18.7 yrs | $189,900 | $845 |
| 62 | Ionia County | 18.8 yrs | $189,400 | $840 |
| 63 | Kent County | 18.8 yrs | $265,700 | $1,176 |
| 64 | Kalkaska County | 18.9 yrs | $174,300 | $767 |
| 65 | Berrien County | 19.1 yrs | $211,400 | $923 |
| 66 | Allegan County | 19.3 yrs | $247,000 | $1,065 |
| 67 | Alger County | 19.4 yrs | $165,700 | $712 |
| 68 | Clinton County | 19.5 yrs | $243,700 | $1,039 |
| 69 | Cass County | 19.7 yrs | $205,200 | $870 |
| 70 | Mason County | 19.8 yrs | $199,300 | $840 |
| 71 | Lapeer County | 19.9 yrs | $229,100 | $959 |
| 72 | Antrim County | 20.2 yrs | $222,500 | $920 |
| 73 | Oakland County | 20.2 yrs | $320,400 | $1,319 |
| 74 | Grand Traverse County | 20.3 yrs | $296,200 | $1,215 |
| 75 | Washtenaw County | 21.0 yrs | $353,000 | $1,400 |
| 76 | Ottawa County | 21.1 yrs | $291,200 | $1,148 |
| 77 | Barry County | 21.3 yrs | $243,700 | $955 |
| 78 | Benzie County | 21.8 yrs | $254,400 | $974 |
| 79 | Charlevoix County | 21.8 yrs | $242,800 | $929 |
| 80 | Emmet County | 22.2 yrs | $275,300 | $1,033 |
| 81 | Keweenaw County | 22.3 yrs | $181,400 | $679 |
| 82 | Livingston County | 22.3 yrs | $331,100 | $1,236 |
| 83 | Leelanau County | 27.7 yrs | $406,900 | $1,223 |
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
Lowest Price-to-Rent Ratios across all 3,133 US counties · Every county in Michigan