Holland, Michigan Housing Market Prices
Holland 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 74% above the Michigan median$241,437
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Median rent 6% above the Michigan median$1,194
Housing Market Overview
| Metric | Holland | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,437 | $138,713 | $248,835 |
| Price Trend (Annual %) | 12.6% | 8.6% | 7.5% |
| Median Gross Rent | $1,194 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Holland is about 74% higher than in Michigan. Rent is about 6% higher 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 Holland, up about 12.6% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Holland rose about 55.9% between 2015 and 2024, from $766 to $1,194. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Holland.
Buying the median-priced home in Holland costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Holland. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Holland | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,437 | $138,713 | $248,835 |
| Median Household Income | $75,719 | $72,977 | $80,455 |
| Price-to-Income Ratio | 3.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Holland rose about 145.7%, while median household income rose about 52.0% 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 | Holland | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.6% | 64.6% | 58.5% |
| Rental Rate | 30.1% | 23.6% | 31.2% |
| Vacancy Rate | 7.3% | 11.8% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Holland has a homeownership rate of 62.6%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 7.3%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Holland | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1968 | 1972 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Holland was built around 1968. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Holland, Michigan.
What is the median home price in Holland, Michigan?
The median home price in Holland, Michigan is $241,437, higher than the Michigan average of $138,713.
What is the average home price in Holland, Michigan?
The typical home price in Holland, Michigan, reported as the median sale price, is $241,437. 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 Holland, Michigan?
The median gross rent in Holland, Michigan is $1,194 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Holland in 2020?
In 2020, the median gross rent in Holland, Michigan was $906 per month.
What is the price-to-rent ratio in Holland, Michigan?
The price-to-rent ratio in Holland, Michigan is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Holland.
Are home prices or rent rising faster in Holland, Michigan?
Both home prices and rent are rising in Holland, up about 12.6% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Holland, Michigan?
62.6% of households in Holland, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Holland, Michigan?
The housing vacancy rate in Holland, Michigan is 7.3%, lower than the Michigan average of 11.8%.
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