Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Antrim County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $406,667 | $134,610 | $242,182 |
| Price Trend (Annual %) | 20.9% | 9.4% | 8.2% |
| Median Gross Rent | $920 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Antrim County is about 202% higher than in Michigan. Rent is about 15% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Antrim County, up about 20.9% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Antrim County rose about 32.5% between 2015 and 2023, from $694 to $920. Over the same span, rent in Michigan rose about 38.5%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Antrim County.
Buying the median-priced home in Antrim County costs roughly 36.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Antrim County. The price-to-rent ratio in Michigan is about 10.3.
| Metric | Antrim County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $406,667 | $134,610 | $242,182 |
| Median Household Income | $71,827 | $71,353 | $78,145 |
| Price-to-Income Ratio | 5.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Antrim County rose about 288.7%, while median household income rose about 67.3% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Antrim County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.5% | 64.1% | 58.2% |
| Rental Rate | 8.1% | 23.8% | 31.3% |
| Vacancy Rate | 37.4% | 12.2% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Antrim County has a homeownership rate of 54.5%, lower than the Michigan average of 64.1%. Its housing vacancy rate is 37.4%, compared with 12.2% in Michigan.
Housing Stock
| Metric | Antrim County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1980 | 1972 | 1978 |
| Median Number of Rooms | 5.6 | 5.8 | 5.5 |
The typical housing unit in Antrim County was built around 1980. On average, 2.1 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Antrim County, Michigan.
What is the median home price in Antrim County, Michigan?
The median home price in Antrim County, Michigan is $406,667, higher than the Michigan average of $134,610.
What is the average home price in Antrim County, Michigan?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Antrim County, Michigan?
The median gross rent in Antrim County, Michigan is $920 per month, lower than the Michigan average of $1,084.
What was the median gross rent in Antrim County in 2020?
In 2020, the median gross rent in Antrim County, Michigan was $761 per month.
What is the price-to-rent ratio in Antrim County, Michigan?
The price-to-rent ratio in Antrim County, Michigan is about 36.8, meaning it would take roughly 36.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Antrim County.
Are home prices or rent rising faster in Antrim County, Michigan?
Both home prices and rent are rising in Antrim County, up about 20.9% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Antrim County, Michigan?
54.5% of households in Antrim County, Michigan own their home, lower than the Michigan average of 64.1%.
What is the vacancy rate in Antrim County, Michigan?
The housing vacancy rate in Antrim County, Michigan is 37.4%, higher than the Michigan average of 12.2%.