Baraga County, Michigan Housing Market Prices
Baraga 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 11% above the Michigan median$154,167
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Median rent 45% below the Michigan median Among the top 3 cheapest counties in Michigan$615
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Baraga County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,167 | $138,713 | $248,835 |
| Price Trend (Annual %) | 8.9% | 8.6% | 7.5% |
| Median Gross Rent | $615 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 1.9% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baraga County is about 11% higher than in Michigan. Rent is about 45% 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 Baraga County, up about 8.9% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Baraga County rose about 19.4% between 2015 and 2024, from $515 to $615. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Baraga County.
Buying the median-priced home in Baraga County costs roughly 20.9 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 Baraga County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Baraga County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,167 | $138,713 | $248,835 |
| Median Household Income | $57,871 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Baraga County rose about 42.0%, while median household income rose about 31.6% between 2010 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 | Baraga County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.4% | 64.6% | 58.5% |
| Rental Rate | 14.6% | 23.6% | 31.2% |
| Vacancy Rate | 32.0% | 11.8% | 10.2% |
| Median Tenure (years) | 20.0 | 16.0 | 15.0 |
| Median Year Moved In | 2006 | 2010 | 2011 |
Baraga County has a homeownership rate of 53.4%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 32.0%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Baraga County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.10 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1972 | 1972 | 1978 |
| Median Number of Rooms | 5.2 | 5.9 | 5.5 |
The typical housing unit in Baraga County was built around 1972. On average, 2.1 people live in a home with about 5.2 rooms, staying for about 20.0 years on average.
Baraga County, MI Housing Compared With Nearby Counties
Baraga County, MI is the smallest of the 4 counties compared here, 8,191 residents against a local median of 34,105. Baraga County, MI's median rent, at $615, runs 27% below the $840 typical of the counties around it.
Median home price tells the same story from another angle: $154,167 against a local median of $185,162, 17% below it. The counties themselves sit within $152 of each other on median rent, a tighter band than the gap between any of them and Baraga County, MI, which makes it a genuine outlier here rather than one end of a wide local spread. Baraga County, MI has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Baraga County, MI | 8,191 | $154,167 #3/4 | $615 #4/4 | 78.5% #2/4 |
| Houghton County, MI | 34,105 | $102,273 | $840 | 74.1% |
| Marquette County, MI | 66,775 | $185,162 | $949 | 69.7% |
| Dickinson County, MI | 25,954 | $377,272 | $796 | 82.4% |
Frequently Asked Questions
Common questions about the housing market in Baraga County, Michigan.
What is the median home price in Baraga County, Michigan?
The median home price in Baraga County, Michigan is $154,167, higher than the Michigan average of $138,713.
What is the average home price in Baraga County, Michigan?
The typical home price in Baraga County, Michigan, reported as the median sale price, is $154,167. 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 Baraga County, Michigan?
The median gross rent in Baraga County, Michigan is $615 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Baraga County in 2020?
In 2020, the median gross rent in Baraga County, Michigan was $555 per month.
What is the price-to-rent ratio in Baraga County, Michigan?
The price-to-rent ratio in Baraga County, Michigan is about 20.9, meaning it would take roughly 20.9 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 Baraga County.
Are home prices or rent rising faster in Baraga County, Michigan?
Both home prices and rent are rising in Baraga County, up about 8.9% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Baraga County, Michigan?
53.4% of households in Baraga County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Baraga County, Michigan?
The housing vacancy rate in Baraga County, Michigan is 32.0%, higher than the Michigan average of 11.8%.
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