Newaygo County, Michigan Housing Market Prices
Newaygo 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 26% above the Michigan median$175,000
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Median rent 20% below the Michigan median$904
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Newaygo County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,000 | $138,713 | $248,835 |
| Price Trend (Annual %) | 11.5% | 8.6% | 7.5% |
| Median Gross Rent | $904 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newaygo County is about 26% higher than in Michigan. Rent is about 20% 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 Newaygo County, up about 11.5% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Newaygo County rose about 35.0% between 2015 and 2024, from $670 to $904. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Newaygo County.
Buying the median-priced home in Newaygo County costs roughly 16.1 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 Newaygo County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Newaygo County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,000 | $138,713 | $248,835 |
| Median Household Income | $63,785 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newaygo County rose about 134.1%, while median household income rose about 39.2% 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 | Newaygo County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.2% | 64.6% | 58.5% |
| Rental Rate | 10.6% | 23.6% | 31.2% |
| Vacancy Rate | 21.2% | 11.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Newaygo County has a homeownership rate of 68.2%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 21.2%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Newaygo County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1978 | 1972 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Newaygo County was built around 1978. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Newaygo County, MI Housing Compared With Nearby Counties
Newaygo County, MI is typical in size for this group, 50,792 residents against a local median of 54,529, so the measures below are close to a like for like comparison. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Newaygo County, MI an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median home price, 14% above the local median at $175,000 against $153,535. Newaygo County, MI has the 3rd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newaygo County, MI | 50,792 | $175,000 #3/5 | $904 #3/5 | 86.5% #1/5 |
| Mecosta County, MI | 41,242 | $118,181 | $934 | 76.9% |
| Kent County, MI | 662,843 | $223,510 | $1,242 | 70.3% |
| Osceola County, MI | 23,226 | $76,471 | $807 | 83.7% |
| Montcalm County, MI | 67,816 | $188,888 | $868 | 83.1% |
Frequently Asked Questions
Common questions about the housing market in Newaygo County, Michigan.
What is the median home price in Newaygo County, Michigan?
The median home price in Newaygo County, Michigan is $175,000, higher than the Michigan average of $138,713.
What is the average home price in Newaygo County, Michigan?
The typical home price in Newaygo County, Michigan, reported as the median sale price, is $175,000. 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 Newaygo County, Michigan?
The median gross rent in Newaygo County, Michigan is $904 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Newaygo County in 2020?
In 2020, the median gross rent in Newaygo County, Michigan was $736 per month.
What is the price-to-rent ratio in Newaygo County, Michigan?
The price-to-rent ratio in Newaygo County, Michigan is about 16.1, meaning it would take roughly 16.1 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 Newaygo County.
Are home prices or rent rising faster in Newaygo County, Michigan?
Both home prices and rent are rising in Newaygo County, up about 11.5% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newaygo County, Michigan?
68.2% of households in Newaygo County, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Newaygo County, Michigan?
The housing vacancy rate in Newaygo County, Michigan is 21.2%, higher than the Michigan average of 11.8%.
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