Chippewa County, Michigan Housing Market Prices
Chippewa 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 29% above the Michigan median More expensive than 74% of counties in Michigan$178,274
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Median rent 29% below the Michigan median Cheaper than 73% of counties in Michigan$796
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chippewa County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,274 | $138,713 | $248,835 |
| Price Trend (Annual %) | 10.9% | 8.6% | 7.5% |
| Median Gross Rent | $796 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chippewa County is about 29% higher than in Michigan. Rent is about 29% 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 Chippewa County, up about 10.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Chippewa County rose about 30.9% between 2015 and 2024, from $608 to $796. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Chippewa County.
Buying the median-priced home in Chippewa County costs roughly 18.7 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 Chippewa County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Chippewa County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,274 | $138,713 | $248,835 |
| Median Household Income | $62,983 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chippewa County rose about 131.6%, while median household income rose about 48.0% 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 | Chippewa County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.9% | 64.6% | 58.5% |
| Rental Rate | 17.3% | 23.6% | 31.2% |
| Vacancy Rate | 30.8% | 11.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Chippewa County has a homeownership rate of 51.9%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 30.8%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Chippewa County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1974 | 1972 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Chippewa County was built around 1974. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Chippewa County, MI Housing Compared With Nearby Counties
How Chippewa County, MI compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chippewa County, MI | 36,295 | $178,274 #2/3 | $796 #3/3 | 75.0% #3/3 |
| Emmet County, MI | 34,125 | $109,091 | $1,112 | 77.0% |
| Charlevoix County, MI | 26,108 | $326,041 | $949 | 83.5% |
Frequently Asked Questions
Common questions about the housing market in Chippewa County, Michigan.
What is the median home price in Chippewa County, Michigan?
The median home price in Chippewa County, Michigan is $178,274, higher than the Michigan average of $138,713.
What is the average home price in Chippewa County, Michigan?
The typical home price in Chippewa County, Michigan, reported as the median sale price, is $178,274. 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 Chippewa County, Michigan?
The median gross rent in Chippewa County, Michigan is $796 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Chippewa County in 2020?
In 2020, the median gross rent in Chippewa County, Michigan was $699 per month.
What is the price-to-rent ratio in Chippewa County, Michigan?
The price-to-rent ratio in Chippewa County, Michigan is about 18.7, meaning it would take roughly 18.7 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 Chippewa County.
Are home prices or rent rising faster in Chippewa County, Michigan?
Both home prices and rent are rising in Chippewa County, up about 10.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chippewa County, Michigan?
51.9% of households in Chippewa County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Chippewa County, Michigan?
The housing vacancy rate in Chippewa County, Michigan is 30.8%, higher than the Michigan average of 11.8%.
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