Emmet County, Michigan Housing Market Prices
Emmet 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 21% below the Michigan median Cheaper than 73% of counties in Michigan$109,091
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Median rent 1% below the Michigan median More expensive than 89% of counties in Michigan$1,112
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Emmet County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,091 | $138,713 | $248,835 |
| Price Trend (Annual %) | -4.2% | 8.6% | 7.5% |
| Median Gross Rent | $1,112 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Emmet County is about 21% lower than in Michigan. Rent is about 1% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Emmet County: home prices fell about 4.2% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
Median rent in Emmet County rose about 43.8% between 2015 and 2024, from $773 to $1,112. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Emmet County.
Buying the median-priced home in Emmet County costs roughly 8.2 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 Emmet County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Emmet County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,091 | $138,713 | $248,835 |
| Median Household Income | $78,983 | $72,977 | $80,455 |
| Price-to-Income Ratio | 1.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Emmet County fell about 23.7%, while median household income rose about 44.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Emmet County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.2% | 64.6% | 58.5% |
| Rental Rate | 15.9% | 23.6% | 31.2% |
| Vacancy Rate | 30.9% | 11.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Emmet County has a homeownership rate of 53.2%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 30.9%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Emmet County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1981 | 1972 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Emmet County was built around 1981. On average, 2.2 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Emmet County, MI Housing Compared With Nearby Counties
How Emmet County, MI compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Emmet County, MI | 34,125 | $109,091 #3/3 | $1,112 #1/3 | 77.0% #3/3 |
| Charlevoix County, MI | 26,108 | $326,041 | $949 | 83.5% |
| Antrim County, MI | 24,127 | $369,999 | $902 | 86.4% |
Frequently Asked Questions
Common questions about the housing market in Emmet County, Michigan.
What is the median home price in Emmet County, Michigan?
The median home price in Emmet County, Michigan is $109,091, lower than the Michigan average of $138,713.
What is the average home price in Emmet County, Michigan?
The typical home price in Emmet County, Michigan, reported as the median sale price, is $109,091. 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 Emmet County, Michigan?
The median gross rent in Emmet County, Michigan is $1,112 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Emmet County in 2020?
In 2020, the median gross rent in Emmet County, Michigan was $829 per month.
What is the price-to-rent ratio in Emmet County, Michigan?
The price-to-rent ratio in Emmet County, Michigan is about 8.2, meaning it would take roughly 8.2 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 Emmet County.
Are home prices or rent rising faster in Emmet County, Michigan?
Home prices and rent are moving in opposite directions in Emmet County: home prices fell about 4.2% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Emmet County, Michigan?
53.2% of households in Emmet County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Emmet County, Michigan?
The housing vacancy rate in Emmet County, Michigan is 30.9%, higher than the Michigan average of 11.8%.
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