Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Huron County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,796 | $134,610 | $242,182 |
| Price Trend (Annual %) | 11.8% | 9.4% | 8.2% |
| Median Gross Rent | $742 | $1,084 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Huron County is about 13% lower than in Michigan. Rent is about 32% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Huron County, up about 11.8% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Huron County rose about 22.4% between 2015 and 2023, from $606 to $742. Over the same span, rent in Michigan rose about 38.5%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Huron County.
Buying the median-priced home in Huron County costs roughly 13.1 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 Huron County. The price-to-rent ratio in Michigan is about 10.3.
| Metric | Huron County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,796 | $134,610 | $242,182 |
| Median Household Income | $57,675 | $71,353 | $78,145 |
| Price-to-Income Ratio | 2.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Huron County rose about 69.1%, while median household income rose about 46.5% between 2009 and 2023 — 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 | Huron County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.7% | 64.1% | 58.2% |
| Rental Rate | 12.2% | 23.8% | 31.3% |
| Vacancy Rate | 32.1% | 12.2% | 10.6% |
| Median Tenure (years) | 21.0 | 16.0 | 15.0 |
| Median Year Moved In | 2005 | 2010 | 2011 |
Huron County has a homeownership rate of 55.7%, lower than the Michigan average of 64.1%. Its housing vacancy rate is 32.1%, compared with 12.2% in Michigan.
Housing Stock
| Metric | Huron County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.43 people | 2.54 people |
| Median Structure Built Year | 1965 | 1972 | 1978 |
| Median Number of Rooms | 6.1 | 5.8 | 5.5 |
The typical housing unit in Huron County was built around 1965. On average, 2.2 people live in a home with about 6.1 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Huron County, Michigan.
What is the median home price in Huron County, Michigan?
The median home price in Huron County, Michigan is $116,796, lower than the Michigan average of $134,610.
What is the average home price in Huron County, Michigan?
The typical home price in %s, reported as the median sale price, is %s. 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 Huron County, Michigan?
The median gross rent in Huron County, Michigan is $742 per month, lower than the Michigan average of $1,084.
What was the median gross rent in Huron County in 2020?
In 2020, the median gross rent in Huron County, Michigan was $637 per month.
What is the price-to-rent ratio in Huron County, Michigan?
The price-to-rent ratio in Huron County, Michigan is about 13.1, meaning it would take roughly 13.1 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 Huron County.
Are home prices or rent rising faster in Huron County, Michigan?
Both home prices and rent are rising in Huron County, up about 11.8% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Huron County, Michigan?
55.7% of households in Huron County, Michigan own their home, lower than the Michigan average of 64.1%.
What is the vacancy rate in Huron County, Michigan?
The housing vacancy rate in Huron County, Michigan is 32.1%, higher than the Michigan average of 12.2%.