Ingham County, Michigan Housing Market Prices
Ingham 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 6% below the Michigan median$129,821
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Median rent 4% below the Michigan median More expensive than 83% of counties in Michigan$1,084
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ingham County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,821 | $138,713 | $248,835 |
| Price Trend (Annual %) | 7.1% | 8.6% | 7.5% |
| Median Gross Rent | $1,084 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ingham County is about 6% lower than in Michigan. Rent is about 4% 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 Ingham County, up about 7.1% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Ingham County rose about 38.3% between 2015 and 2024, from $784 to $1,084. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Ingham County.
Buying the median-priced home in Ingham County costs roughly 10.0 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 Ingham County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Ingham County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,821 | $138,713 | $248,835 |
| Median Household Income | $65,698 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ingham County rose about 68.7%, while median household income rose about 40.7% 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 | Ingham County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.1% | 64.6% | 58.5% |
| Rental Rate | 37.7% | 23.6% | 31.2% |
| Vacancy Rate | 7.2% | 11.8% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Ingham County has a homeownership rate of 55.1%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 7.2%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Ingham County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1977 | 1972 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Ingham County was built around 1977. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Ingham County, MI Housing Compared With Nearby Counties
Ingham County, MI is the largest of the 6 counties compared here, 283,163 residents against a local median of 109,130. Ingham County, MI's homeownership, at 59.4%, runs 26% below the 80.1% typical of the counties around it. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $129,821 against a local median of $164,261, 21% below it. The counties themselves sit within 12.7% of each other on homeownership, a tighter band than the gap between any of them and Ingham County, MI, which makes it a genuine outlier here rather than one end of a wide local spread. Ingham County, MI has the 6th highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ingham County, MI | 283,163 | $129,821 #6/6 | $1,084 #4/6 | 59.4% #6/6 |
| Jackson County, MI | 160,066 | $152,125 | $984 | 75.0% |
| Clinton County, MI | 79,626 | $165,901 | $1,092 | 82.2% |
| Shiawassee County, MI | 67,991 | $166,666 | $898 | 80.1% |
| Livingston County, MI | 195,818 | $164,261 | $1,287 | 86.9% |
| Eaton County, MI | 109,130 | $136,642 | $1,091 | 74.2% |
Frequently Asked Questions
Common questions about the housing market in Ingham County, Michigan.
What is the median home price in Ingham County, Michigan?
The median home price in Ingham County, Michigan is $129,821, lower than the Michigan average of $138,713.
What is the average home price in Ingham County, Michigan?
The typical home price in Ingham County, Michigan, reported as the median sale price, is $129,821. 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 Ingham County, Michigan?
The median gross rent in Ingham County, Michigan is $1,084 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Ingham County in 2020?
In 2020, the median gross rent in Ingham County, Michigan was $906 per month.
What is the price-to-rent ratio in Ingham County, Michigan?
The price-to-rent ratio in Ingham County, Michigan is about 10.0, meaning it would take roughly 10.0 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 Ingham County.
Are home prices or rent rising faster in Ingham County, Michigan?
Both home prices and rent are rising in Ingham County, up about 7.1% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ingham County, Michigan?
55.1% of households in Ingham County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Ingham County, Michigan?
The housing vacancy rate in Ingham County, Michigan is 7.2%, lower than the Michigan average of 11.8%.
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