Eaton County, Michigan Housing Market Prices
Eaton 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 1% below the Michigan median$136,642
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Median rent 3% below the Michigan median More expensive than 84% of counties in Michigan$1,091
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Eaton County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,642 | $138,713 | $248,835 |
| Price Trend (Annual %) | 8.1% | 8.6% | 7.5% |
| Median Gross Rent | $1,091 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eaton County is about 1% lower than in Michigan. Rent is about 3% 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 Eaton County, up about 8.1% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Eaton County rose about 41.6% between 2015 and 2024, from $770 to $1,091. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Eaton County.
Buying the median-priced home in Eaton County costs roughly 10.4 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 Eaton County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Eaton County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,642 | $138,713 | $248,835 |
| Median Household Income | $80,261 | $72,977 | $80,455 |
| Price-to-Income Ratio | 1.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eaton County rose about 79.9%, while median household income rose about 40.0% 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 | Eaton County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.6% | 64.6% | 58.5% |
| Rental Rate | 24.6% | 23.6% | 31.2% |
| Vacancy Rate | 4.9% | 11.8% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Eaton County has a homeownership rate of 70.6%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 4.9%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Eaton County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1968 | 1972 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Eaton County was built around 1968. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Eaton County, MI Housing Compared With Nearby Counties
Eaton County, MI is the 3rd largest of the 6 counties compared here, 109,130 residents against a local median of 79,626. Nothing separates Eaton County, MI sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median rent, 12% above the local median at $1,091 against $971. Eaton County, MI has the 2nd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Eaton County, MI | 109,130 | $136,642 #3/6 | $1,091 #2/6 | 74.2% #4/6 |
| Calhoun County, MI | 133,799 | $100,765 | $967 | 72.6% |
| Clinton County, MI | 79,626 | $165,901 | $1,092 | 82.2% |
| Ionia County, MI | 66,574 | $82,024 | $883 | 77.3% |
| Ingham County, MI | 283,163 | $129,821 | $1,084 | 59.4% |
| Barry County, MI | 63,409 | $157,432 | $971 | 87.3% |
Frequently Asked Questions
Common questions about the housing market in Eaton County, Michigan.
What is the median home price in Eaton County, Michigan?
The median home price in Eaton County, Michigan is $136,642, lower than the Michigan average of $138,713.
What is the average home price in Eaton County, Michigan?
The typical home price in Eaton County, Michigan, reported as the median sale price, is $136,642. 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 Eaton County, Michigan?
The median gross rent in Eaton County, Michigan is $1,091 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Eaton County in 2020?
In 2020, the median gross rent in Eaton County, Michigan was $887 per month.
What is the price-to-rent ratio in Eaton County, Michigan?
The price-to-rent ratio in Eaton County, Michigan is about 10.4, meaning it would take roughly 10.4 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 Eaton County.
Are home prices or rent rising faster in Eaton County, Michigan?
Both home prices and rent are rising in Eaton County, up about 8.1% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eaton County, Michigan?
70.6% of households in Eaton County, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Eaton County, Michigan?
The housing vacancy rate in Eaton County, Michigan is 4.9%, lower than the Michigan average of 11.8%.
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