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 | Crawford County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,848 | $134,610 | $242,182 |
| Price Trend (Annual %) | 23.2% | 9.4% | 8.2% |
| Median Gross Rent | $825 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crawford County is about 13% lower than in Michigan. Rent is about 24% 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 Crawford County, up about 23.2% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Crawford County rose about 16.2% between 2015 and 2023, from $709 to $825. Over the same span, rent in Michigan rose about 38.5%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Crawford County.
Buying the median-priced home in Crawford County costs roughly 11.8 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 Crawford County. The price-to-rent ratio in Michigan is about 10.3.
| Metric | Crawford County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,848 | $134,610 | $242,182 |
| Median Household Income | $58,191 | $71,353 | $78,145 |
| Price-to-Income Ratio | 2.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Crawford County rose about 137.3%, while median household income rose about 54.5% 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 | Crawford County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.7% | 64.1% | 58.2% |
| Rental Rate | 10.8% | 23.8% | 31.3% |
| Vacancy Rate | 41.5% | 12.2% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Crawford County has a homeownership rate of 47.7%, lower than the Michigan average of 64.1%. Its housing vacancy rate is 41.5%, compared with 12.2% in Michigan.
Housing Stock
| Metric | Crawford County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1976 | 1972 | 1978 |
| Median Number of Rooms | 4.7 | 5.8 | 5.5 |
The typical housing unit in Crawford County was built around 1976. On average, 2.2 people live in a home with about 4.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crawford County, Michigan.
What is the median home price in Crawford County, Michigan?
The median home price in Crawford County, Michigan is $116,848, lower than the Michigan average of $134,610.
What is the average home price in Crawford 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 Crawford County, Michigan?
The median gross rent in Crawford County, Michigan is $825 per month, lower than the Michigan average of $1,084.
What was the median gross rent in Crawford County in 2020?
In 2020, the median gross rent in Crawford County, Michigan was $752 per month.
What is the price-to-rent ratio in Crawford County, Michigan?
The price-to-rent ratio in Crawford County, Michigan is about 11.8, meaning it would take roughly 11.8 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 Crawford County.
Are home prices or rent rising faster in Crawford County, Michigan?
Both home prices and rent are rising in Crawford County, up about 23.2% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crawford County, Michigan?
47.7% of households in Crawford County, Michigan own their home, lower than the Michigan average of 64.1%.
What is the vacancy rate in Crawford County, Michigan?
The housing vacancy rate in Crawford County, Michigan is 41.5%, higher than the Michigan average of 12.2%.