Genesee County, Michigan Housing Market Prices
Genesee 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 30% below the Michigan median Cheaper than 84% of counties in Michigan$96,479
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Median rent 12% below the Michigan median More expensive than 74% of counties in Michigan$988
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Genesee County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,479 | $138,713 | $248,835 |
| Price Trend (Annual %) | 5.5% | 8.6% | 7.5% |
| Median Gross Rent | $988 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Genesee County is about 30% lower than in Michigan. Rent is about 12% 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 Genesee County, up about 5.5% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Genesee County rose about 38.2% between 2015 and 2024, from $715 to $988. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Genesee County.
Buying the median-priced home in Genesee County costs roughly 8.1 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 Genesee County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Genesee County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,479 | $138,713 | $248,835 |
| Median Household Income | $62,288 | $72,977 | $80,455 |
| Price-to-Income Ratio | 1.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Genesee County rose about 57.2%, while median household income rose about 34.3% 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 | Genesee County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.4% | 64.6% | 58.5% |
| Rental Rate | 26.6% | 23.6% | 31.2% |
| Vacancy Rate | 9.0% | 11.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Genesee County has a homeownership rate of 64.4%, about the same as the Michigan average of 64.6%. Its housing vacancy rate is 9.0%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Genesee County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1970 | 1972 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Genesee County was built around 1970. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Genesee County, MI Housing Compared With Nearby Counties
Genesee County, MI is the 2nd largest of the 6 counties compared here, 403,150 residents against a local median of 188,665. Genesee County, MI's median home price, at $96,479, runs 42% below the $166,666 typical of the counties around it.
The counties themselves spread $164,015 on median home price, so Genesee County, MI sits at one end of an already wide local range rather than apart from it. Genesee County, MI has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Genesee County, MI | 403,150 | $96,479 #5/6 | $988 #3/6 | 70.8% #6/6 |
| Shiawassee County, MI | 67,991 | $166,666 | $898 | 80.1% |
| Livingston County, MI | 195,818 | $164,261 | $1,287 | 86.9% |
| Saginaw County, MI | 188,665 | $95,147 | $947 | 74.1% |
| Oakland County, MI | 1,277,811 | $259,162 | $1,375 | 72.7% |
| Lapeer County, MI | 88,837 | $169,473 | $987 | 86.0% |
Frequently Asked Questions
Common questions about the housing market in Genesee County, Michigan.
What is the median home price in Genesee County, Michigan?
The median home price in Genesee County, Michigan is $96,479, lower than the Michigan average of $138,713.
What is the average home price in Genesee County, Michigan?
The typical home price in Genesee County, Michigan, reported as the median sale price, is $96,479. 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 Genesee County, Michigan?
The median gross rent in Genesee County, Michigan is $988 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Genesee County in 2020?
In 2020, the median gross rent in Genesee County, Michigan was $780 per month.
What is the price-to-rent ratio in Genesee County, Michigan?
The price-to-rent ratio in Genesee County, Michigan is about 8.1, meaning it would take roughly 8.1 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 Genesee County.
Are home prices or rent rising faster in Genesee County, Michigan?
Both home prices and rent are rising in Genesee County, up about 5.5% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Genesee County, Michigan?
64.4% of households in Genesee County, Michigan own their home, about the same as the Michigan average.
What is the vacancy rate in Genesee County, Michigan?
The housing vacancy rate in Genesee County, Michigan is 9.0%, lower than the Michigan average of 11.8%.
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