Charlevoix County, Michigan Housing Market Prices
Charlevoix 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 135% above the Michigan median More expensive than 94% of counties in Michigan$326,041
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Median rent 16% below the Michigan median$949
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Charlevoix County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $326,041 | $138,713 | $248,835 |
| Price Trend (Annual %) | 13.4% | 8.6% | 7.5% |
| Median Gross Rent | $949 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Charlevoix County is about 135% higher than in Michigan. Rent is about 16% 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 Charlevoix County, up about 13.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Charlevoix County rose about 46.7% between 2015 and 2024, from $647 to $949. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Charlevoix County.
Buying the median-priced home in Charlevoix County costs roughly 28.6 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 Charlevoix County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Charlevoix County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $326,041 | $138,713 | $248,835 |
| Median Household Income | $76,927 | $72,977 | $80,455 |
| Price-to-Income Ratio | 4.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Charlevoix County rose about 105.2%, while median household income rose about 50.9% 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 | Charlevoix County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 64.6% | 58.5% |
| Rental Rate | 11.5% | 23.6% | 31.2% |
| Vacancy Rate | 30.5% | 11.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Charlevoix County has a homeownership rate of 58.1%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 30.5%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Charlevoix County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.10 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1982 | 1972 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Charlevoix County was built around 1982. On average, 2.1 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Charlevoix County, MI Housing Compared With Nearby Counties
Charlevoix County, MI is typical in size for this group, 26,108 residents against a local median of 29,126, so the measures below are close to a like for like comparison. Where Charlevoix County, MI breaks from the counties next to it is median home price, sitting 55% above the local median of $209,960 at $326,041.
Median rent tells the same story from another angle: $949 against a local median of $1,169, 19% below it. The counties themselves spread $260,909 on median home price, so Charlevoix County, MI sits at one end of an already wide local range rather than apart from it. Charlevoix County, MI has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Charlevoix County, MI | 26,108 | $326,041 #2/5 | $949 #4/5 | 83.5% #3/5 |
| Emmet County, MI | 34,125 | $109,091 | $1,112 | 77.0% |
| Antrim County, MI | 24,127 | $369,999 | $902 | 86.4% |
| Leelanau County, MI | 22,734 | $294,921 | $1,227 | 91.6% |
| Grand Traverse County, MI | 96,166 | $124,999 | $1,288 | 77.2% |
Frequently Asked Questions
Common questions about the housing market in Charlevoix County, Michigan.
What is the median home price in Charlevoix County, Michigan?
The median home price in Charlevoix County, Michigan is $326,041, higher than the Michigan average of $138,713.
What is the average home price in Charlevoix County, Michigan?
The typical home price in Charlevoix County, Michigan, reported as the median sale price, is $326,041. 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 Charlevoix County, Michigan?
The median gross rent in Charlevoix County, Michigan is $949 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Charlevoix County in 2020?
In 2020, the median gross rent in Charlevoix County, Michigan was $782 per month.
What is the price-to-rent ratio in Charlevoix County, Michigan?
The price-to-rent ratio in Charlevoix County, Michigan is about 28.6, meaning it would take roughly 28.6 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 Charlevoix County.
Are home prices or rent rising faster in Charlevoix County, Michigan?
Both home prices and rent are rising in Charlevoix County, up about 13.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Charlevoix County, Michigan?
58.1% of households in Charlevoix County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Charlevoix County, Michigan?
The housing vacancy rate in Charlevoix County, Michigan is 30.5%, higher than the Michigan average of 11.8%.
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