Arenac County, Michigan Housing Market Prices
Arenac County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 27% above the Michigan median More expensive than 71% of counties in Michigan$176,613
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Median rent 33% below the Michigan median Cheaper than 78% of counties in Michigan$761
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Arenac County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,613 | $138,713 | $248,835 |
| Price Trend (Annual %) | 13.7% | 8.6% | 7.5% |
| Median Gross Rent | $761 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Arenac County is about 27% higher than in Michigan. Rent is about 33% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Arenac County, up about 13.7% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Arenac County rose about 29.9% between 2015 and 2024, from $586 to $761. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Arenac County.
Buying the median-priced home in Arenac County costs roughly 19.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Arenac County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Arenac County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,613 | $138,713 | $248,835 |
| Median Household Income | $58,562 | $72,977 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Arenac County rose about 61.0%, while median household income rose about 51.1% between 2009 and 2025 — 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 | Arenac County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.1% | 64.6% | 58.5% |
| Rental Rate | 9.4% | 23.6% | 31.2% |
| Vacancy Rate | 31.4% | 11.8% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Arenac County has a homeownership rate of 59.1%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 31.4%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Arenac County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1975 | 1972 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Arenac County was built around 1975. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 19.0 years on average.
Arenac County, MI Housing Compared With Nearby Counties
Arenac County, MI is the smallest of the 6 counties compared here, 15,076 residents against a local median of 25,693. Where Arenac County, MI breaks from the counties next to it is median home price, sitting 69% above the local median of $104,654 at $176,613.
The counties themselves spread $125,112 on median home price, so Arenac County, MI sits at one end of an already wide local range rather than apart from it. Arenac County, MI has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Arenac County, MI | 15,076 | $176,613 #1/6 | $761 #4/6 | 86.2% #2/6 |
| Bay County, MI | 103,008 | $104,654 | $860 | 77.0% |
| Ogemaw County, MI | 20,885 | $14,035 | $823 | 83.7% |
| Tuscola County, MI | 52,980 | $135,750 | $819 | 86.4% |
| Gladwin County, MI | 25,693 | $98,213 | $689 | 86.1% |
| Iosco County, MI | 25,347 | $139,147 | $719 | 82.1% |
Frequently Asked Questions
Common questions about the housing market in Arenac County, Michigan.
What is the median home price in Arenac County, Michigan?
The median home price in Arenac County, Michigan is $176,613, higher than the Michigan average of $138,713.
What is the average home price in Arenac County, Michigan?
The typical home price in Arenac County, Michigan, reported as the median sale price, is $176,613. 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 Arenac County, Michigan?
The median gross rent in Arenac County, Michigan is $761 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Arenac County in 2020?
In 2020, the median gross rent in Arenac County, Michigan was $549 per month.
What is the price-to-rent ratio in Arenac County, Michigan?
The price-to-rent ratio in Arenac County, Michigan is about 19.3, meaning it would take roughly 19.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Arenac County.
Are home prices or rent rising faster in Arenac County, Michigan?
Both home prices and rent are rising in Arenac County, up about 13.7% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Arenac County, Michigan?
59.1% of households in Arenac County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Arenac County, Michigan?
The housing vacancy rate in Arenac County, Michigan is 31.4%, higher than the Michigan average of 11.8%.
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