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 | Clinton County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,222 | $134,610 | $242,182 |
| Price Trend (Annual %) | 15.4% | 9.4% | 8.2% |
| Median Gross Rent | $1,039 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clinton County is about 64% higher than in Michigan. Rent is about 4% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Clinton County, up about 15.4% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Clinton County rose about 33.5% between 2015 and 2023, from $778 to $1,039. Over the same span, rent in Michigan rose about 38.5%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Clinton County.
Buying the median-priced home in Clinton County costs roughly 17.7 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 Clinton County. The price-to-rent ratio in Michigan is about 10.3.
| Metric | Clinton County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,222 | $134,610 | $242,182 |
| Median Household Income | $86,727 | $71,353 | $78,145 |
| Price-to-Income Ratio | 2.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clinton County rose about 164.7%, while median household income rose about 45.7% between 2009 and 2023 — 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 | Clinton County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.3% | 64.1% | 58.2% |
| Rental Rate | 16.3% | 23.8% | 31.3% |
| Vacancy Rate | 5.5% | 12.2% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Clinton County has a homeownership rate of 78.3%, higher than the Michigan average of 64.1%. Its housing vacancy rate is 5.5%, compared with 12.2% in Michigan.
Housing Stock
| Metric | Clinton County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1975 | 1972 | 1978 |
| Median Number of Rooms | 6.6 | 5.8 | 5.5 |
The typical housing unit in Clinton County was built around 1975. On average, 2.5 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clinton County, Michigan.
What is the median home price in Clinton County, Michigan?
The median home price in Clinton County, Michigan is $220,222, higher than the Michigan average of $134,610.
What is the average home price in Clinton 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 Clinton County, Michigan?
The median gross rent in Clinton County, Michigan is $1,039 per month, lower than the Michigan average of $1,084.
What was the median gross rent in Clinton County in 2020?
In 2020, the median gross rent in Clinton County, Michigan was $846 per month.
What is the price-to-rent ratio in Clinton County, Michigan?
The price-to-rent ratio in Clinton County, Michigan is about 17.7, meaning it would take roughly 17.7 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 Clinton County.
Are home prices or rent rising faster in Clinton County, Michigan?
Both home prices and rent are rising in Clinton County, up about 15.4% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clinton County, Michigan?
78.3% of households in Clinton County, Michigan own their home, higher than the Michigan average of 64.1%.
What is the vacancy rate in Clinton County, Michigan?
The housing vacancy rate in Clinton County, Michigan is 5.5%, lower than the Michigan average of 12.2%.