Gratiot County, Michigan Housing Market Prices
Gratiot 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 80% of counties in Michigan$98,617
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Median rent 26% below the Michigan median$834
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gratiot County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,617 | $138,713 | $248,835 |
| Price Trend (Annual %) | 3.1% | 8.6% | 7.5% |
| Median Gross Rent | $834 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gratiot County is about 29% lower than in Michigan. Rent is about 26% 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 Gratiot County, up about 3.1% and 3.7% a year respectively. Rent is changing faster.
Median rent in Gratiot County rose about 37.4% between 2015 and 2024, from $607 to $834. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Gratiot County.
Buying the median-priced home in Gratiot County costs roughly 9.9 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 Gratiot County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Gratiot County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,617 | $138,713 | $248,835 |
| Median Household Income | $64,123 | $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 Gratiot County fell about 26.7%, while median household income rose about 40.4% 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 | Gratiot County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.5% | 64.6% | 58.5% |
| Rental Rate | 19.4% | 23.6% | 31.2% |
| Vacancy Rate | 8.1% | 11.8% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Gratiot County has a homeownership rate of 72.5%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 8.1%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Gratiot County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1968 | 1972 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Gratiot County was built around 1968. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Gratiot County, MI Housing Compared With Nearby Counties
Gratiot County, MI is the smallest of the 5 counties compared here, 41,391 residents against a local median of 81,691. The measure that sets Gratiot County, MI apart most is median home price: $98,617, 39% below the local median of $161,796.
The counties themselves spread $93,742 on median home price, so Gratiot County, MI sits at one end of an already wide local range rather than apart from it. Gratiot County, MI has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gratiot County, MI | 41,391 | $98,617 #4/5 | $834 #5/5 | 78.9% #3/5 |
| Clinton County, MI | 79,626 | $165,901 | $1,092 | 82.2% |
| Midland County, MI | 83,757 | $157,692 | $1,016 | 78.1% |
| Montcalm County, MI | 67,816 | $188,888 | $868 | 83.1% |
| Saginaw County, MI | 188,665 | $95,147 | $947 | 74.1% |
Frequently Asked Questions
Common questions about the housing market in Gratiot County, Michigan.
What is the median home price in Gratiot County, Michigan?
The median home price in Gratiot County, Michigan is $98,617, lower than the Michigan average of $138,713.
What is the average home price in Gratiot County, Michigan?
The typical home price in Gratiot County, Michigan, reported as the median sale price, is $98,617. 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 Gratiot County, Michigan?
The median gross rent in Gratiot County, Michigan is $834 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Gratiot County in 2020?
In 2020, the median gross rent in Gratiot County, Michigan was $687 per month.
What is the price-to-rent ratio in Gratiot County, Michigan?
The price-to-rent ratio in Gratiot County, Michigan is about 9.9, meaning it would take roughly 9.9 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 Gratiot County.
Are home prices or rent rising faster in Gratiot County, Michigan?
Both home prices and rent are rising in Gratiot County, up about 3.1% and 3.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Gratiot County, Michigan?
72.5% of households in Gratiot County, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Gratiot County, Michigan?
The housing vacancy rate in Gratiot County, Michigan is 8.1%, lower than the Michigan average of 11.8%.
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