Gladwin County, Michigan Housing Market Prices
Gladwin 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 29% below the Michigan median Cheaper than 82% of counties in Michigan$98,213
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Median rent 39% below the Michigan median Cheaper than 89% of counties in Michigan$689
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gladwin County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,213 | $138,713 | $248,835 |
| Price Trend (Annual %) | 11.1% | 8.6% | 7.5% |
| Median Gross Rent | $689 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 1.8% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gladwin County is about 29% lower than in Michigan. Rent is about 39% 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 Gladwin County, up about 11.1% and 1.8% a year respectively. Home prices are changing faster.
Median rent in Gladwin County rose about 20.2% between 2015 and 2024, from $573 to $689. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Gladwin County.
Buying the median-priced home in Gladwin County costs roughly 11.9 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 Gladwin County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Gladwin County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,213 | $138,713 | $248,835 |
| Median Household Income | $56,129 | $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 Gladwin County rose about 125.6%, while median household income rose about 44.7% 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 | Gladwin County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.0% | 64.6% | 58.5% |
| Rental Rate | 9.2% | 23.6% | 31.2% |
| Vacancy Rate | 33.8% | 11.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Gladwin County has a homeownership rate of 57.0%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 33.8%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Gladwin County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1980 | 1972 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Gladwin County was built around 1980. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Gladwin County, MI Housing Compared With Nearby Counties
Gladwin County, MI is the 4th largest of the 6 counties compared here, 25,693 residents against a local median of 31,218. Gladwin County, MI's median rent, at $689, runs 16% below the $823 typical of the counties around it.
The counties themselves spread $251 on median rent, so Gladwin County, MI sits at one end of an already wide local range rather than apart from it. Gladwin County, MI has the 6th highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gladwin County, MI | 25,693 | $98,213 #5/6 | $689 #6/6 | 86.1% #2/6 |
| Midland County, MI | 83,757 | $157,692 | $1,016 | 78.1% |
| Roscommon County, MI | 23,737 | $130,555 | $816 | 85.4% |
| Ogemaw County, MI | 20,885 | $14,035 | $823 | 83.7% |
| Clare County, MI | 31,218 | $112,500 | $764 | 86.9% |
| Bay County, MI | 103,008 | $104,654 | $860 | 77.0% |
Frequently Asked Questions
Common questions about the housing market in Gladwin County, Michigan.
What is the median home price in Gladwin County, Michigan?
The median home price in Gladwin County, Michigan is $98,213, lower than the Michigan average of $138,713.
What is the average home price in Gladwin County, Michigan?
The typical home price in Gladwin County, Michigan, reported as the median sale price, is $98,213. 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 Gladwin County, Michigan?
The median gross rent in Gladwin County, Michigan is $689 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Gladwin County in 2020?
In 2020, the median gross rent in Gladwin County, Michigan was $592 per month.
What is the price-to-rent ratio in Gladwin County, Michigan?
The price-to-rent ratio in Gladwin County, Michigan is about 11.9, meaning it would take roughly 11.9 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 Gladwin County.
Are home prices or rent rising faster in Gladwin County, Michigan?
Both home prices and rent are rising in Gladwin County, up about 11.1% and 1.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gladwin County, Michigan?
57.0% of households in Gladwin County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Gladwin County, Michigan?
The housing vacancy rate in Gladwin County, Michigan is 33.8%, higher than the Michigan average of 11.8%.
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