Oceana County, Michigan Housing Market Prices
Oceana 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 21% below the Michigan median Cheaper than 71% of counties in Michigan$109,558
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Median rent 33% below the Michigan median Cheaper than 80% of counties in Michigan$759
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Oceana County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,558 | $138,713 | $248,835 |
| Price Trend (Annual %) | 2.2% | 8.6% | 7.5% |
| Median Gross Rent | $759 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 1.8% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oceana County is about 21% lower than in Michigan. Rent is about 33% 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 Oceana County, up about 2.2% and 1.8% a year respectively. Home prices are changing faster.
Median rent in Oceana County rose about 13.9% between 2015 and 2024, from $666 to $759. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Oceana County.
Buying the median-priced home in Oceana County costs roughly 12.0 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 Oceana County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Oceana County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,558 | $138,713 | $248,835 |
| Median Household Income | $63,098 | $72,977 | $80,455 |
| Price-to-Income Ratio | 1.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oceana County fell about 9.7%, while median household income rose about 45.4% 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 | Oceana County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.0% | 64.6% | 58.5% |
| Rental Rate | 10.3% | 23.6% | 31.2% |
| Vacancy Rate | 33.7% | 11.8% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Oceana County has a homeownership rate of 56.0%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 33.7%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Oceana County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1974 | 1972 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Oceana County was built around 1974. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 19.0 years on average.
Oceana County, MI Housing Compared With Nearby Counties
Oceana County, MI is the 5th largest of the 6 counties compared here, 26,915 residents against a local median of 50,792. The measure that sets Oceana County, MI apart most is median home price: $109,558, 57% below the local median of $254,688.
Median rent tells the same story from another angle: $759 against a local median of $904, 16% below it. The counties themselves spread $126,841 on median home price, so Oceana County, MI sits at one end of an already wide local range rather than apart from it. Oceana County, MI has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oceana County, MI | 26,915 | $109,558 #6/6 | $759 #6/6 | 84.5% #3/6 |
| Mason County, MI | 29,204 | $254,688 | $895 | 78.3% |
| Muskegon County, MI | 175,961 | $145,731 | $1,028 | 78.1% |
| Ottawa County, MI | 301,203 | $259,210 | $1,210 | 79.3% |
| Manistee County, MI | 25,350 | $272,572 | $841 | 85.8% |
| Newaygo County, MI | 50,792 | $175,000 | $904 | 86.5% |
Frequently Asked Questions
Common questions about the housing market in Oceana County, Michigan.
What is the median home price in Oceana County, Michigan?
The median home price in Oceana County, Michigan is $109,558, lower than the Michigan average of $138,713.
What is the average home price in Oceana County, Michigan?
The typical home price in Oceana County, Michigan, reported as the median sale price, is $109,558. 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 Oceana County, Michigan?
The median gross rent in Oceana County, Michigan is $759 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Oceana County in 2020?
In 2020, the median gross rent in Oceana County, Michigan was $725 per month.
What is the price-to-rent ratio in Oceana County, Michigan?
The price-to-rent ratio in Oceana County, Michigan is about 12.0, meaning it would take roughly 12.0 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 Oceana County.
Are home prices or rent rising faster in Oceana County, Michigan?
Both home prices and rent are rising in Oceana County, up about 2.2% and 1.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oceana County, Michigan?
56.0% of households in Oceana County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Oceana County, Michigan?
The housing vacancy rate in Oceana County, Michigan is 33.7%, higher than the Michigan average of 11.8%.
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