Lenawee County, Michigan Housing Market Prices
Lenawee 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 10% above the Michigan median$152,038
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Median rent 13% below the Michigan median More expensive than 72% of counties in Michigan$986
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lenawee County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $152,038 | $138,713 | $248,835 |
| Price Trend (Annual %) | 6.4% | 8.6% | 7.5% |
| Median Gross Rent | $986 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lenawee County is about 10% higher than in Michigan. Rent is about 13% 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 Lenawee County, up about 6.4% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Lenawee County rose about 35.0% between 2015 and 2024, from $730 to $986. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Lenawee County.
Buying the median-priced home in Lenawee County costs roughly 12.8 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 Lenawee County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Lenawee County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $152,038 | $138,713 | $248,835 |
| Median Household Income | $70,175 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lenawee County rose about 60.5%, while median household income rose about 33.8% 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 | Lenawee County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.7% | 64.6% | 58.5% |
| Rental Rate | 18.2% | 23.6% | 31.2% |
| Vacancy Rate | 11.2% | 11.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Lenawee County has a homeownership rate of 70.7%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 11.2%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Lenawee County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 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 Lenawee County was built around 1968. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Lenawee County, MI Housing Compared With Nearby Counties
Lenawee County, MI is typical in size for this group, 98,415 residents against a local median of 102,860, so the measures below are close to a like for like comparison. Where Lenawee County, MI breaks from the counties next to it is median home price, sitting 18% below the local median of $185,951 at $152,038.
The counties themselves spread $254,959 on median home price, so Lenawee County, MI sits at one end of an already wide local range rather than apart from it. Lenawee County, MI has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lenawee County, MI | 98,415 | $152,038 #4/5 | $986 #2/5 | 79.6% #3/5 |
| Fulton County, OH | 42,240 | $219,776 | $862 | 80.2% |
| Washtenaw County, MI | 369,612 | $354,959 | $1,463 | 61.6% |
| Jackson County, MI | 160,066 | $152,125 | $984 | 75.0% |
| Hillsdale County, MI | 45,654 | $100,000 | $832 | 82.0% |
Frequently Asked Questions
Common questions about the housing market in Lenawee County, Michigan.
What is the median home price in Lenawee County, Michigan?
The median home price in Lenawee County, Michigan is $152,038, higher than the Michigan average of $138,713.
What is the average home price in Lenawee County, Michigan?
The typical home price in Lenawee County, Michigan, reported as the median sale price, is $152,038. 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 Lenawee County, Michigan?
The median gross rent in Lenawee County, Michigan is $986 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Lenawee County in 2020?
In 2020, the median gross rent in Lenawee County, Michigan was $795 per month.
What is the price-to-rent ratio in Lenawee County, Michigan?
The price-to-rent ratio in Lenawee County, Michigan is about 12.8, meaning it would take roughly 12.8 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 Lenawee County.
Are home prices or rent rising faster in Lenawee County, Michigan?
Both home prices and rent are rising in Lenawee County, up about 6.4% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lenawee County, Michigan?
70.7% of households in Lenawee County, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Lenawee County, Michigan?
The housing vacancy rate in Lenawee County, Michigan is 11.2%, lower than the Michigan average of 11.8%.
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