Holt, Michigan Housing Market Prices
Holt 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 73% below the Michigan median$37,980
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Median rent 12% above the Michigan median$1,266
Housing Market Overview
| Metric | Holt | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,980 | $138,713 | $248,835 |
| Price Trend (Annual %) | 1.8% | 8.6% | 7.5% |
| Median Gross Rent | $1,266 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Holt is about 73% lower than in Michigan. Rent is about 12% 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 Holt, up about 1.8% and 5.5% a year respectively. Rent is changing faster.
Median rent in Holt rose about 57.1% between 2015 and 2024, from $805 to $1,266. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Holt.
Buying the median-priced home in Holt costs roughly 2.5 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 Holt. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Holt | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,980 | $138,713 | $248,835 |
| Median Household Income | $83,673 | $72,977 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Holt fell about 59.4%, while median household income rose about 46.2% 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 | Holt | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 64.6% | 58.5% |
| Rental Rate | 34.4% | 23.6% | 31.2% |
| Vacancy Rate | 5.1% | 11.8% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Holt has a homeownership rate of 60.5%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 5.1%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Holt | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1987 | 1972 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Holt was built around 1987. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Holt, MI Housing Compared With Nearby Cities
How Holt, MI compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Holt, MI | 21,233 | $37,980 #3/3 | $1,266 #1/3 | 63.7% #1/3 |
| Lansing, MI | 106,034 | $123,867 | $996 | 55.7% |
| East Lansing, MI | 44,400 | $73,853 | $1,122 | 37.4% |
Frequently Asked Questions
Common questions about the housing market in Holt, Michigan.
What is the median home price in Holt, Michigan?
The median home price in Holt, Michigan is $37,980, lower than the Michigan average of $138,713.
What is the average home price in Holt, Michigan?
The typical home price in Holt, Michigan, reported as the median sale price, is $37,980. 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 Holt, Michigan?
The median gross rent in Holt, Michigan is $1,266 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Holt in 2020?
In 2020, the median gross rent in Holt, Michigan was $979 per month.
What is the price-to-rent ratio in Holt, Michigan?
The price-to-rent ratio in Holt, Michigan is about 2.5, meaning it would take roughly 2.5 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 Holt.
Are home prices or rent rising faster in Holt, Michigan?
Both home prices and rent are rising in Holt, up about 1.8% and 5.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Holt, Michigan?
60.5% of households in Holt, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Holt, Michigan?
The housing vacancy rate in Holt, Michigan is 5.1%, lower than the Michigan average of 11.8%.
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