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 | Barry County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $41,579 | $134,610 | $242,182 |
| Price Trend (Annual %) | -6.6% | 9.4% | 8.2% |
| Median Gross Rent | $954 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Barry County is about 69% lower than in Michigan. Rent is about 12% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Barry County: home prices fell about 6.6% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
Median rent in Barry County rose about 25.3% between 2015 and 2023, from $762 to $954. Over the same span, rent in Michigan rose about 38.5%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Barry County.
Buying the median-priced home in Barry County costs roughly 3.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Barry County. The price-to-rent ratio in Michigan is about 10.3.
| Metric | Barry County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $41,579 | $134,610 | $242,182 |
| Median Household Income | $77,735 | $71,353 | $78,145 |
| Price-to-Income Ratio | 0.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Barry County fell about 70.3%, while median household income rose about 44.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Barry County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.1% | 64.1% | 58.2% |
| Rental Rate | 12.3% | 23.8% | 31.3% |
| Vacancy Rate | 11.6% | 12.2% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Barry County has a homeownership rate of 76.1%, higher than the Michigan average of 64.1%. Its housing vacancy rate is 11.6%, compared with 12.2% in Michigan.
Housing Stock
| Metric | Barry County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1974 | 1972 | 1978 |
| Median Number of Rooms | 6.2 | 5.8 | 5.5 |
The typical housing unit in Barry County was built around 1974. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Barry County, Michigan.
What is the median home price in Barry County, Michigan?
The median home price in Barry County, Michigan is $41,579, lower than the Michigan average of $134,610.
What is the average home price in Barry 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 Barry County, Michigan?
The median gross rent in Barry County, Michigan is $954 per month, lower than the Michigan average of $1,084.
What was the median gross rent in Barry County in 2020?
In 2020, the median gross rent in Barry County, Michigan was $909 per month.
What is the price-to-rent ratio in Barry County, Michigan?
The price-to-rent ratio in Barry County, Michigan is about 3.6, meaning it would take roughly 3.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Barry County.
Are home prices or rent rising faster in Barry County, Michigan?
Home prices and rent are moving in opposite directions in Barry County: home prices fell about 6.6% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Barry County, Michigan?
76.1% of households in Barry County, Michigan own their home, higher than the Michigan average of 64.1%.
What is the vacancy rate in Barry County, Michigan?
The housing vacancy rate in Barry County, Michigan is 11.6%, lower than the Michigan average of 12.2%.